Warren Buffett has warned cryptocurrencies are doomed, exacerbating Bitcoin's plummeting price following South Korea's decision to ban cryptocurrency trading.
In 2017 Bitcoin's price soared 1,500% to nearly $20,000 - making it the fastest-growing asset in the world - but on Thursday (11 January) its price dipped below $13,000. Carney warns of global clampdown on Bitcoin "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 told CNBC. "When it happens or how or anything else, I don't know," he added. "If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it but I would never short a dime's worth." OMGI...
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