Binance’s Changpeng Zhao Comments on Warren Buffett’s Anti-Crypto Push

Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, has recently reaffirmed his abysmal opinion when it comes to cryptocurrencies as a whole. He did this through a recent interview with Becky Quick on CNBC, having done this on Monday. The billionaire investor gave the usual arguments of crypto not having any inherent value to it. Strangely, even after Justin Sun gave him a noticeable amount of cryptocurrency, Buffet claims he has no crypto, nor plans on investing in it.

CZ Takes Notice

This caught the eye of Changpeng “CZ” Zhao, the CEO and founder of the Binance crypto exchange. CZ took to twitter to react to the statement, mainly being lighthearted and sarcastic about the matter. He jokingly asked Justin Sun if Buffett even knew how to sell Bitcoin, or if they should consider the Bitcoin to be entirely out of circulation.

😂 @justinsuntron? he knows how to sell that bitcoin? Or we can consider that’s “burned”?

Nice effort, but you can only take a horse to water…

This is why I rarely try to convince anyone. Their choice.

Crypto doesn’t have to be used by everyone. My grandma never used USD. https://t.co/3iHeAp16H7

— CZ 🔶 BNB (@cz_binance) February 24, 2020

CZ mused about how some people just refuse to accept certain things, reaffirming that’s the reason why he doesn’t try to convince anyone. He jokingly compared Buffett to his grandmother, saying that she never had the need to use USD ever in her life.

Justin Sun commented on this, saying that he will continue his efforts to try and teach “grandmas” to use crypto properly. He boldly proclaimed his desire for all the world to use crypto.

I will continue my efforts on teaching grandmas to use crypto. Crypto for all! 😂

— H.E. Justin Sun 孙宇晨 (@justinsuntron) February 25, 2020

Previous Events

Justin Sun had managed to obtain a dinner date with Buffet last year. Sun, the founder of the TRON network, as well as the CEO of the BitTorrent file-sharing company,  later gave a snapshot and a tweet of their meeting. In his post, Sun probably overhyped the exchange, having claimed that he had convinced Buffet of the potential for Blockchain. Furthermore, he said Buffett was given a range of portfolios to explore this. Not all was good, though, and even Sun had to admit that Buffett didn’t think Bitcoin was fully exploiting the value of blockchain technology.

As one would imagine, the crypto community as a whole didn’t much appreciate Buffett’s many views about cryptocurrencies. The comments were everything from how Buffett was right, how Buffett was an idiot, to people who genuinely respect his achievements, and simply believe he’s too old to do this.

I respect the guy for what he's accomplished in life. But, his views are outdated. This is the same guy who didn't understand how the internet worked and said Google and Amazon would fail.

— The Ponz (@arthurponzareli) February 24, 2020

Public Apologies

In the meantime, Sun will do what he always does. He apologized for overhyping his meeting with Buffett but quickly deleted the post, the reason why being unknown. Justin Sun is known to market his coins relentlessly. While many don’t agree with his practices, there is no arguing the success his semi-dubious methods have given him.