Share this article
Warren Buffett: Cryptocurrencies Will Come to a 'Bad Ending'
Billionaire investor Warren Buffett said cryptocurrencies would come to a "bad ending" in a new interview Wednesday.
By Nikhilesh De
Updated Sep 13, 2021, 7:21 a.m. Published Jan 10, 2018, 4:05 p.m.
Warren Buffett, the billionaire investor behind Berkshire Hathaway, is still not sold on bitcoin.
In an interview with CNBC Wednesday, Buffett predicted the demise of cryptocurrencies, saying:
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
“In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending … When it happens or how or anything else I don't know.”
He continued to say he would bet on their price declining over the next five years if he could.
The noted investor further conceded he did not know a lot about bitcoin futures, but added that Berkshire Hathaway did not own any and would "never have a position in them."
Buffett's latest remarks come three months after he called bitcoin a "real bubble," and said investors would not be able to value the world’s largest cryptocurrency by market cap because bitcoin did not inherently produce value.
The bitcoin bear joins JP Morgan Chase chief executive Jamie Dimon in reiterating concerns about the cryptocurrency this week. While Dimon told Fox Business that he regrets calling bitcoin a “fraud” last year, he still does not believe in the cryptocurrency.
Shortly after his infamous comments, Dimon had doubled down, saying anybody "stupid enough to buy" bitcoin would "pay the price" for doing so.
Warren Buffett image via Shutterstock
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
BTC, ETH, SOL, XRP and DOGE trade higher as precious metals rally keeps macro focus
Altcoins posted broader gains in quiet Sunday trading as bitcoin held a tight range near $88K and analysts weighed crypto against the surge in precious metals.
What to know:
- XRP, dogecoin and solana outperformed bitcoin and ether over the past 24 hours in thin weekend trading.
- Analysts said bitcoin remains range-bound between roughly $86,500 and $90,000.
- Glassnode flagged spot price sitting near one on-chain mean while remaining well below short-term holders’ cost basis.
Top Stories
