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[-]  14-01-18 05:24

Warren Buffett Predicts 'Bad Ending' for Cryptocurrencies
"97% of all bitcoins are held by 4% of addresses," reports Credit Suisse (in an article cited by Slashdot reader CaptainDork). And elsewhere this week, Warren Buffett told CNBC that speculation in bitcoin and other cryptocurrencies "will have a bad ending," adding that looking out five years he'd gladly bet against all of the cryptocurrencies.
Meanwhile, CNBC senior analyst Ron Insana has his own skepticism:
I am predisposed to view them as just speculative tokens in a cryptocurrency bubble th...

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