Changpeng Zhao: “Warren Buffett lacks knowledge to invest in cryptocurrencies” – Bits Media

According to the founder of Binance, Warren Buffett doesn't know enough about cryptocurrencies to invest safely.

Changpeng Zhao (Changpeng Zhao) told in
interview, that he is not concerned about Warren Buffett's lack of interest in cryptocurrencies. Zhao noted, that such investments are not suitable for everyone. Buffett is at a different stage of life and criticism of cryptocurrencies on his part may be completely normal..

“I wouldn’t try to convince him to invest in cryptocurrencies.”. Not necessary, for everyone to do this. He is very successful, and I respect him. I'm worried, what if he invests in cryptocurrencies, he may not have the necessary skills or knowledge to, how to keep your assets safe", - said Zhao.

Zhao himself stated, that he only owns BNB and BTC, and diversification is not his investment course. And even if something happens to Binance, he will be able to start a new project in the industry and find investors thanks to his reputation.

Buffett became famous in the cryptocurrency community after, like in 2018 called Bitcoin “rat poison”.

“By buying something like Bitcoin or another cryptocurrency, what you are actually purchasing is, which produces nothing, – Buffett said, – you just hope so, that the next buyer will pay more".

Since then, Warren Buffett has been considered one of the most influential cryptocurrency critics in the investment world.. Another one of the founders of large cryptocurrency projects, Justin Sun, also could not change the views of the billionaire.