Bitcoin craze will almost certainly end in tears, warns legendary investor Warren Buffett - This is Money

Legendary investor Warren Buffett has warned bitcoin backers face disaster – and suggested the online currency craze will fail.

Bitcoin surged as much as 1,900 per cent last year before dipping.

Buffett said: ‘In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending. When it happens or how... I don’t know.’

It came as he set up two executives to one day take over his 56-year-old empire Berkshire Hathaway, giving...