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

Binance CEO Applauds Turkey For State-Owned Crypto Development

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.

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.

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.

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.

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      A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.