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Nebraska Octogenarian Likens Cryptocurrencies To A Wayward Teen

Warren Buffett thinks cryptos "will come to a bad ending" because of course he does.

The Prophet of Omaha has been pretty clear that he is firmly in the "Bitcoin is a Bubble" camp of old people looking at cryptocurrencies. But that camp is shrinking and CNBC took a shot this morning at trying to see if Uncle Warren has come around to appreciate the beauty of fake digital money.


He...hasn't. In fact, the 87-year-old Buffett sees cryptos as a bunch of greaser teens smoking the pot out back of the five-and-dime:

"In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending," the chairman and CEO of Berkshire Hathaway said.
"When it happens or how or anything else, I don't know," he added in an interview on CNBC's "Squawk Box" from Omaha, Nebraska.

It's unclear if Buffett believe cryptocurrencies will wind up in prison or pregnant or both, but he is definitely not fucking wit' a Gemini account:

"We don't own any, we're not short any, we'll never have a position in them," he said.
"I get into enough trouble with things I think I know something about," he added. "Why in the world should I take a long or short position in something I don't know anything about."

Well, he does seem to know that they're doomed - but that said - sometimes, you just gotta love The Buffett.

Buffett on cryptocurrencies: 'I can say almost with certainty that they will come to a bad ending' [CNBC]


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