The chairman and CEO of Berkshire Hathaway, Warren Buffett, has never been the biggest fan of cryptocurrencies, but, following his long-awaited $4.57 million lunch with TRON head Justin Sun, he has intimated that he may start up his own cryptocurrency.
“I may start a war against currency, he told CNBC “Maybe I’ll create one [cryptocurrency] and say there are only going to be 21 million of them and you can have a little ledger sheet from me and you can have it after I die but you can’t do anything with it except sell it to somebody else.” [CNBC]
Sponsored“I don’t own any cryptocurrency. I never will,” Warren Buffett tells @BeckyQuick. #AskWarren https://t.co/0VjIDJSi7L pic.twitter.com/il4cT2hWkP
— CNBC (@CNBC) February 24, 2020
However, as it was clear from Buffett’s tone, the finance magnate was not seriously implying he was ready to start his own cryptocurrency as he explained that Sun had done nothing to change his mind. In fact, he also admitted that he still did not hold any Bitcoin despite the TRON founder stating he had given him some.
Cryptocurrency Serves No Purpose
However, this lunch was postponed, after Sun said he was ill, until earlier this year when it finally emerged that the meeting took place. Buffett has now spoken up about this meeting, stating it was quite pleasant and enjoyable, but his mind had not been changed one bit on the value and use of Bitcoin and other cryptocurrencies.
Mr. Buffett said #Blockchain has its value, there are a lot of incredible companies in the payment market and it has huge demands. He believes blockchain technology will have a disruptive effect on the future of payment.
More details👇https://t.co/Uo5O1A1DmU
— TRON DAO (@trondao) February 17, 2020
Buffett just now on @CNBC re @justinsuntron lunch
“Cryptocurrency has no value”
“I don’t have any Bitcoin”…which @BeckyQuick asked twice to confirm bc Justin said he gave him
Buffett: “Bitcoin has been used a fat amount to move money illegally.”
So yea that did a lot…
— David Nage🎯 (@DavidNage) February 24, 2020
