After Jamie Dimon yesterday's statement, in which he publicly regretted bashing Bitcoin, another crypto-frowner, Warren Buffet, toned down his stance. In a CNBC interview today, the Berkeshire Hathaway father declared:
"We don't own any, we're not short any, we'll never have a position in them."
He went as far as saying:
"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."
Of course, he didn't switch quite 180 degrees, keeping a little bit of a bitterness, by pointing that:
"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."
It's a bit ironic to say that "crypto will come to a bad ending", when you think that none of us "will come to a good ending" on this Earth. Or at least I don't know of anyone who got out alive of this thing called "life", when it ended.
2018 seems to ignite a new perspective on cryptocurrencies, one in which the financial establishment will rather work with it, if possible, rather than rejecting it completely as being a fraud, a scam or a Ponzi scheme. Or all of them, at once.
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