Bitcoin Watch – Keep an eye on the cryptocurrency taking the world by storm

At the beginning of 2017, the highly volatile Bitcoin was valued at just below USD1,000, however recently it has skyrocketed well into the teens at a high of over USD19,000.

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Billionaire investor and Berkshire Hathaway chairman and CEO Warren Buffett told CNBC on Wednesday he predicted the recent craze over bitcoin and other cryptocurrencies won’t end well.

“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 added in an interview on CNBC’s Squawk Box. “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.”

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