We all remember Justin Sun’s mythical lunch; the founder of the altcoin Tron (TRX), which he had with the famous investor Warren Buffett last January. But apparently lunch to raise funds for charity, for the most needy in San Francisco 🇺🇸, didn’t change Warren Buffett’s negative opinions about cryptocurrencies at all; especially about Bitcoin (BTC).
Warren Buffett will not be a Hodler
Warren Buffett the CEO of Berkshire Hathaway; He is considered a financial Guru because since 1951 he has managed to amass a personal fortune of more than $ 89.5 billion. He was also one of the first to give the recommendation to get rid of the Subprime in the global economic crisis of 2008.
In an interview with the important traditional CNBC news medium, Warren Buffett has struck again, and with all his might, the crypto ecosystem; especially to the first and most important crypto of all; Bitcoin (BTC).
Cryptocurrencies produce nothing. The only thing you can do in 20 years is to look at your little “Decentralized Accounting Book” and say “I have so much of this X crypto.” It does not play, it is not delivered, you cannot send a check by mail. Literally can’t do anything, sentenced Warren Buffett.
As evidenced by the statements of this financial “Guru” of yesteryear. Lunch with Tron’s ringleader has not changed Warren’s views a bit. But, it really was to be expected.
You can’t hide the sun with a finger
At lunch Sun gave Buffett a pair of Samsung Galaxy Fold smartphones, and sent him 1 BTC, 1.9 million TRX and other altcoins that included BitTorrent BTT tokens and USDT TRC-20 tokens. You can see this transaction in the following link.
I don’t have any Bitcoin. I don’t own any cryptocurrency and I never will.
This really shouldn’t surprise anyone within the crypto ecosystem. Well, you have to know the character a bit.
Warren Buffett always wears the same shoes, and the same combination of clothes. Your lunch is a Coca Cola with a McDonald’s hamburger. And this, even being one of the most millionaire people in the world, washes his underpants by hand so he doesn’t spend on laundry. All with the intention of not wasting time choosing what to wear, or what to eat.
But, Buffett’s attacks don’t end here. For the investor, Bitcoin can only be sold to another person for fiat money. “Then the other person is the problem.”
The investor millionaire closed the segment of the cryptocurrency interview expressing that «The only contribution Bitcoin (BTC) has had is an increasingly small demand for office cases. Well, Bitcoin makes it much easier to move money illegally.
In response to Warren Buffett’s new attacks, Binance CEO Changpeng Zhao has tried to put out fires on social media with the following thread on Twitter.
In it, he refers to simply trying to force people so closed to see the wonders of something as new as the ecosystem critpo. And that in addition «His grandmother never used the US dollar», expressing that older people are not always willing to take a step into the future. This is not always the case, but in the case of Warren Buffett, you just have to stop wasting energy and money by convincing him.
Economics student of the UCV. Defender of individual freedoms and of course also of the market and cryptocurrencies.