THECRYPTO.WATCH – Changpeng Zhao, founder and CEO of Binance Cryptocurrency, is not bothered if billionaire Warren Buffet doesn’t invest in crypto assets. According to him, this sector is not for everyone.
Zhao’s assumption , CEO of Berkshire Hathaway will be wise in deciding whether or not to get involved in crypto assets.
Zhao likens crypto assets to his mother and the internet. The mother doesn’t use the internet very often, but the internet is still fine. According to Zhao, basically the investment world is very free, so there is no need to convince everyone to use crypto. Crypto is intended for investors who are really interested in investing in crypto.
In a 2018 interview, Buffett called cryptocurrencies is rat poison and he has become an outspoken critic of crypto. Charlie Munger, Buffett’s right-hand man, declared bitcoin as a cheap asset that goes against the interests of civilization.