He classified this kind of investment as a "greater fool theory" investment.
Some of the wealthiest men in the world have continually been critics of bitcoin and cryptocurrencies in general.
During a Berkshire annual meeting on Saturday, Buffett admitted to CNBC that bitcoin "was probably rat poison squared". Bitcoin's price, at the time of writing, is sitting at $9,384, after what's been a turbulent six months for the currency.
Buffett was skeptical that any insurer can properly assess cyber risk and made clear that Berkshire Hathaway wasn't going to be a pioneer in underwriting cyber risk. And though the price of Bitcoin has gone down considerably since then, many people are still of the mind that cryptocurrency represents the wave of the future. There's definitely a possibility that Bitcoin price will continue to climb to meet - and even exceed - the value that we saw at the end of 2017, but there's a near-equal possibility that it will crash and never recover.
He also responded to a question from the audience by saying that bitcoin and other cryptocurrencies "will come to bad endings".
The Microsoft founder considers digital currencies to be too risky for long-term commitments for private investors as well as for institutional ones.
While Bill Gates shares the disregard for cryptocurrencies, he did share that blockchain technology is valuable.
Buffett also told his investors that he (and experts he's spoken with) believe hackers are always ahead of defenders and that will continue to be the case, noting that software is written by humans who are not infallible and that code can always be exploited.
German Chancellor Angela Merkel and French President Emmanuel Macron, have lobbied Trump directly during meetings last month. The deal saw Iran agree to limit its nuclear activities in return for the easing of sanctions on its economy.
Tuttosport says United are set to lose Martial this summer with the forward exhausted of Mourinho's treatment of him. It was Albion's first win against the Red Devils since 1982, which made unwanted history for Mourinho's side.
The US and China are competing against each other, and Taiwan could easily become the US' chess piece, the lawmaker said. The White House's sharp criticism follows contentious trade talks between senior USA and CCP officials last week.
Local government official Jawaid Shahwani told AFP that 16 miners were killed, while nine others were taken to hospital. The bodies of five more miners, who were trapped in the mine, were recovered later, increasing the death toll to seven.
The company that operates out of Reading town centre is launching a new Royal Express for Green Line routes 702 and 703. Her ex-husband and daughters have all been invited to the private do, which is being hosted by Prince Charles .
Doctor told CNN affiliate KITV that her sons had invited friends to help her pack up. "There's a lot of glow, a lot of fires". It's in Hawaii Volcanoes National Park , which closed Friday and evacuated all visitors and nonemergency staff.
The use of live ammunition by Israel's army has been condemned by the worldwide community and human rights activists. Palestinians sent several stunt kites with incendiary bombs over the border towards Israel on Friday.
Tesla shares are up 1.1% in Friday trading but off 3.3% over the past 12 months, while the S&P 500 has gained 10%. Sacconaghi has a US$265 price target on the stock, while Spak sees the shares falling to US$280.
McConnell's political adviser Josh Holmes compared Blankenship to alleged child molester and former US Senate candidate Roy Moore. The image of Morrisey was taken from a picture of him shaking hands with President Donald Trump .
He "negotiated a deal", Giuliani said, "in which he didn't admit the effectiveness of the subpoena". "Yeah right. In April, Trump told a reporter on Air Force One he had no knowledge of the payment to Daniels.
The North Korean defectors do not trust Kim's intentions and want to keep fighting for the rights of their former compatriots. The President said a date and location for the summit have already been agreed on and will be announced soon.
First Signs Posted to US Embassy in Jerusalem
Around 800 visitors, mostly from the United States and Israel, are expected to attend the cutting of the red-tape next week. On Monday, Paraguay said it was planning to move its embassy from near Tel Aviv to Jerusalem on May 21 or 22.
National film awards function today plagued by controversy
He stressed the need to build on the process and create jobs and opportunities for the creative and talented young people. This year, departed star Sridevi was adjudged best actress for her film Mom while Newton was declared best Hindi film.
My 2 cents: Some facts about Cinco de Mayo
In many cities in the United States, there are parades and festivities featuring mariachi music, dancing and Mexican food. While the holiday's roots are in Mexico, it's actually a minor holiday there and is celebrated much more in the U.S.
Has this economy reached 'full employment'?
But now, unemployment is lower than at any point since December 2000; and wage growth and inflation are resolutely tepid. The report indicates another month of solid job gains for an economy that has been expanding for nearly nine years.
Activision Blizzard Results Get Boost From In-Game Spending
It worsened, as 51 investors sold ATVI shares while 225 reduced holdings. 233 grew positions while 92 funds acquired positions. Cetera Advisor Networks Limited Co invested in 0.12% or 35,810 shares. 5,137 were accumulated by Palladium Ptnrs Limited Com.