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  • In terms of cryptocurrency, generally,

  • I can say almost with certainty that

  • they will come to a bad ending.

  • Now, when it happens or how or anything else

  • I don't know. But I know that this

  • if I could buy long-term puts,

  • I could buy a five-year put (option) on every one of the cryptocurrencies

  • I'd be glad to do it,

  • but I would never short a dime's worth.

  • -Have you thought about trading the futures... -You know when you start talking...

  • -to take a negative position of Bitcoin? -No

  • You will not do that

  • No, there is no reason... I get enough trouble with things,

  • I think I know something about,

  • why in the world should I take a longer short position

  • or something I don't know anything about it.

  • So, you know we don't have to know what cocoa beans

  • are gonna do or... or cryptocurrency

  • we just have to focus on eight or ten stocks that businesses

  • basically that we think are decent businesses.

  • But I do think, I think what's going on

  • definitely will come to a bad ending I mean,

  • you've got... virtually everybody,

  • I have a class that I've 11 schools coming on Friday

  • the questions will be on Bitcoin and I won't know the answers.

  • When we sat down, you did say,

  • "I should have announced that we were getting involved in Bitcoin" this morning,

  • Well that is true, I mean it that will be much more interesting

  • to the audience that we were going to issue the whole series of

  • cryptocurrencies tomorrow.

  • But no, we aren't, believe me, and we don't know any,

  • we're not sure, we will never have a position to them.

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In terms of cryptocurrency, generally,

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A2 US cnbc cryptocurrency cryptocurrencies position bad short

Warren Buffett: Cryptocurrency Will Come To A Bad Ending | CNBC

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    jenny posted on 2018/02/05
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