What Bitcoin Hater Warren Buffett Thinks of Crypto Doesn’t Matter, Here’s Why

To most in the cryptocurrency community, Bitcoin (BTC) is a paradigm-shifting asset with unlimited potential. But to Warren Buffett, one of the world’s most well-respected investors, it is something with little-to-zero intrinsic value, and resembles “rat poison” more than it does shares in his favorite companies: Coca-Cola, Dairy Queen, or GEICO.

Since Buffett and his peers at conglomerate Berkshire Hathaway began to discuss the topic of cryptocurrency, the media has been all over it, repeating his statements on this industry ad nauseam. But should we care? And just as importantly, is there any change that he will change his mind on the viability of digital assets?

Related Reading: Crypto Analyst Reminds Traders That It’s Buy The Dip Season in Bitcoin

Teamwork Makes The Dream Work?

Over the past week, Buffett’s name has become like a hot altcoin — thrown about on Twitter willy-nilly. This is for good reason. Justin Sun, the enigmatic entrepreneur behind both Tron and BitTorrent, was recently revealed to have been the mystery winner of the Oracle of Omaha’s latest charity lunch auction.

Per previous reports from NewsBTC, Sun revealed earlier this week that he spent $4.67 million on the auction, managing to outbid the world’s white-collars to secure this meeting, which will take place in New York at the Smith and Wollensky Steakhouse. In a press release, the Tron founder stated that he, alongside some of his peers, hopes to discuss the promises of blockchain technologies and discuss entrepreneurship.

With this news, many have tried to throw their hat into the ring, stating that Sun should bring a class of cryptocurrency pundits that Buffett won’t be able to not listen to. The following have been nominated countless times:

Binance chief executive Changpeng “CZ” Zhao; Anthony Pompliano, the Bitcoin-boosting head of Morgan Creek Digital; fabled decentralization educator Andreas Antonopoulos (he has since revealed that he doesn’t want to be crypto’s…

Source Link