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Buffett Says Bitcoin Doesn't Meet the Test of a Currency

Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., said that the virtual currency Bitcoin is a speculative investment and may not be around in a decade.

“It does not meet the test of a currency,” Buffett said today in an interview on CNBC. “I wouldn’t be surprised if it’s not around in 10 or 20 years.”