I don't know about the "end" part of what he's saying, as I don't think bitcoin is going to end.
I have great respect for Warren Buffet, and I understand what he's saying and why he said it. There's no business backing bitcoin, and no government. It's just the free markets that are responsible for whatever price bitcoin is, and as of late it doesn't even seem like the market is exactly "free". I think it's being manipulated, big time. And he's kind of right--the market has dropped over 50% after rising an incredible amount. That's enough to give most investors pause. But remember, he's only one voice and he's not always right.
I think the end he was alluding to is that for some persons, their venture into Bitcoin and the cryptocurrencies in general is likely to end in fiasco just like Warren Buffet predicted if for no other reason, the fact that most players presently into cryptocurrencies are not anywhere equipped for the dictates of the market nor willing to learn. The tail-tale signs are already obvious in their panicking over the FUD spread by haters of Bitcoin. I have great respect for Warren Buffet, and I understand what he's saying and why he said it. There's no business backing bitcoin, and no government. It's just the free markets that are responsible for whatever price bitcoin is, and as of late it doesn't even seem like the market is exactly "free". I think it's being manipulated, big time. And he's kind of right--the market has dropped over 50% after rising an incredible amount. That's enough to give most investors pause. But remember, he's only one voice and he's not always right.
