WARREN BUFFETT PREDICTS BITCOIN COLLAPSE

Warren Edward Buffett (born on august 30 1930) is an American tycoon, investor and donor. He also serves as chairman and CEO of Berkshire Hathaway. He is considered as one of the most successful Investor in the world.

Investor Warren Buffett on 10 Jan 2017, in an interview with CNBC that he would never invest in Cryptocurrencies.

He said that "I can say that cryptocurrencies will come to bad end" .

While Bitcoin has fallen from $20,000 from mid-December and is now trading around $14,000 , but it remains significantly higher than its position of $900 in JAN 2017.

Warren Buffett added that he don't own any cryptocurrency and will never have position in them.

He said he won't take any positions in something he don't know anything about.

Warren Buffett has been criticising Bitcoin since 2014

but JP Morgan chairman and CEO of Jamie Dimon withdraw from his earlier criticism of cryptocurrency and said he regret calling Bitcoin a fraud and believes in the technology behind it.