Subtitles section Play video
In terms of cryptocurrency, generally,
I can say almost with certainty that
they will come to a bad ending.
Now, when it happens or how or anything else
I don't know. But I know that this
if I could buy long-term puts,
I could buy a five-year put (option) on every one of the cryptocurrencies
I'd be glad to do it,
but I would never short a dime's worth.
-Have you thought about trading the futures... -You know when you start talking...
-to take a negative position of Bitcoin? -No
You will not do that
No, there is no reason... I get enough trouble with things,
I think I know something about,
why in the world should I take a longer short position
or something I don't know anything about it.
So, you know we don't have to know what cocoa beans
are gonna do or... or cryptocurrency
we just have to focus on eight or ten stocks that businesses
basically that we think are decent businesses.
But I do think, I think what's going on
definitely will come to a bad ending I mean,
you've got... virtually everybody,
I have a class that I've 11 schools coming on Friday
the questions will be on Bitcoin and I won't know the answers.
When we sat down, you did say,
"I should have announced that we were getting involved in Bitcoin" this morning,
Well that is true, I mean it that will be much more interesting
to the audience that we were going to issue the whole series of
cryptocurrencies tomorrow.
But no, we aren't, believe me, and we don't know any,
we're not sure, we will never have a position to them.
Hey there, thanks for checking out CNBC on Youtube,
be sure to subscribe to stay up-to-date
on all of the days biggest stories.
You can also click on any of the videos around me
to watch the latest from CNBC, thanks for watching.