According to the founder of Binance, Warren Buffett does not have enough information in the field of cryptocurrencies to invest safely.
Changpeng Zhao told in
interviewthat he is not concerned about Warren Buffett’s lack of interest in cryptocurrencies. Zhao noted that this investment is not suitable for everyone. Buffett is at a different stage in his life and criticizing cryptocurrencies from his side can be completely normal.
“I would not try to convince him to invest in cryptocurrencies. It is not necessary for everyone to do this. He is very successful and I respect him. I am concerned that if he invests in cryptocurrencies, he may not have the necessary skills or knowledge on how to keep his assets safe, ”Zhao said.
Zhao himself stated that he only owns BNB and BTC, and diversification is not his investment course. And even if something happens to Binance, it can start a new project in the industry and find investors thanks to its reputation.
In the cryptocurrency community, Buffett rose to fame after calling Bitcoin “rat poison” in 2018.
“When you buy something like bitcoin or another cryptocurrency, you are actually buying something that does not produce anything,” Buffett said. “You are just hoping that the next buyer pays more.”
Since then, Warren Buffett has been considered one of the most influential critics of cryptocurrencies in the investment world. Another of the founders of large cryptocurrency projects, Justin Sun, was also unable to change the views of the billionaire.
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