Warren Buffett says bitcoin 'definitely will come to a bad ending

Berkshire Hathaway CEO Warren Buffett said Wednesday that the firm had no enthusiasm for hopping on the digital currency fleeting trend. 

"We don't claim any; we're not short any," Buffett said in a meeting on CNBC. "We'll never have a position in them." 

Of choices exchanges that would benefit from value decreases, he included: "In the event that I could purchase a five-year put on each one of the cryptographic forms of money, I'd be happy to do it yet I could never short a dime's worth." 

"What's happening unquestionably will reach a terrible consummation," he said. 

Bitcoin, the digital currency that surged 1,327% out of 2017 to wind up plainly the biggest, is headed toward a flimsy begin this year alongside Ripple's XRP, while ether, the second-biggest, has ascended to untouched highs. 

Buffett's remarks came a day after JPMorgan CEO Jamie Dimon said he lamented calling bitcoin a "fake." 

Buffett said Berkshire Hathaway stayed concentrated on recognizing great organizations and putting resources into them. 

The aggregate reported Wednesday that it would extend its governing body to 14 individuals, including Gregory Abel and Ajit Jain. Buffett and Charlie Munger, Berkshire Hathaway's bad habit director, will keep their positions on the board.