Bitcoin and other cryptocurrencies will certainly have a bad end, according to the Oracle's Omaha, Warren Buffet. In an interview with CNBC Jan. 10, billionaire investment group manager Berkshire Hathaway said he believes that there is no positive outcome for the emerging financial technology:

"In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad end.When it happens or how or anything d & Other, I do not know. "

The investment tycoon also said that he had not invested anything in Bitcoin or d & # 39; other cryptocurrencies, long or short, indicating:

"If I could buy a five-year wager on each of the cryptocurrencies, I would be happy to do so but I would never be We do not own, we do not own, we will never have a position in their favor. "

A & # 39; put & # 39; is a type of option contract that allows investors to sell certain securities at a specified price within a specified period of time. believed that the underlying security – in the case of Buffet, all cryptocurrencies – would diminish in value.

FUD or fundamental?

While Buffet's clear concerns may frighten investors, the cryptocurrency world would probably see them as FUD – short for fear, uncertainty and doubt. One of the reasons is Buffet's lack of knowledge about cryptocurrencies. In the interview, he told reporters:

"I get into trouble with things I know something about … Why should I take a long or short position in something that I do not know about anything. "

Buffet has already shared his opinion that Bitcoin and other cryptocurrencies are bubbles.