Bitcoin is once again at the heart of the debate, and this time Warren Buffett has his say. He believes that bitcoin and other cryptocurrencies are doomed to fail. Is the situation also alarming? In an interview with CNBC on Squawk Box, Buffett said he did not own a bitcoin and that he had no intention of investing in it either. The billionaire even predicts a tragic end to cryptocurrencies, but does not specify how or when it will happen. "We did not buy, we do not sell, we will never have a position on them.

I have enough problems with things that I think I know in part, why should I take a position on something I do not know? Asked Berkshire Hathaway's CEO about bitcoin. Buffett's opinion about bitcoin and crypto-currencies is shared by billionaire Charlie Munger who said he is not excited by this. Investors, he believes, "are excited because things are getting better at the moment and Online Betting that looks vaguely modern." Buffett is not the first to publicly show his doubts about the future of cryptocurrencies.