Billionaire investor Warren Buffett isn’t joining in on the bitcoin rallying cry. “the firm had no interest in jumping on the cryptocurrency bandwagon” Buffett added.in an interview on CNBC.
He said Berkshire Hathaway remained focused on identifying good businesses and investing in them.
“We don’t own any, we’re not short any, we’ll never have a position in them,” Buffett said .
“If I could buy a five-year put on every one of the cryptocurrencies, I’d be glad to do it,” Buffett said, referring to options trades that would profit from price declines.
The conglomerate announced Wednesday that it was expanding its board, adding Gregory E. Abel and Ajit Jain as directors to boost its size to 14 members.
Buffett and Charlie Munger, Berkshire Hathaway’s vice chairman, will keep their positions on the board.
Source: CNBC and others