Buffett on cryptocurrencies: 'I can say almost with certainty that they will come to a bad ending'

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  "I get into enough trouble with things I think I know something about," he added. "Why in the world should I take a long or short position in something I don't know anything about."

  Exchange operators such as CME Group and Cboe Global Markets have opened their platforms to allow bitcoin futures trading.

  The price of bitcoin declined 3.69 percent to $13,907 Wednesday, according to data from industry website CoinDesk. The digital currency is up more than 1,500 percent in the past 12 months.

  Buffett's comments came a day after Chairman and CEO Jamie Dimon backpedaled 必发88 his earlier criticisms of cryptocurrencies. In September, Dimon called bitcoin a fraud.

  —Reuters contributed to this report.

  Read more from 必发88官网 CNBC's interview with billionaire investor Warren Buffett:

  Warren Buffett: 'I feel terrific,' and moves toward succession are not related to my health

  Warren Buffett says 'huge' corporate tax cut is 'not baked in' stock market


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