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.
“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
Cryptocurrency Serves No Purpose
Buffett’s response to Bitcoin and what Sun had to say is that cryptocurrencies still have no value, in his opinion. He went on to explain that they do not produce anything, or reproduce, or deliver anything, or even “mail you a cheque” and that the only hope is that someone else will buy it off you for more money down the line. Buffett’s opinion on Bitcoin is that after all these years, with the talk and discussion about how it was going to be used, there is not much evidence of its use. He explained that no companies are doing business in Bitcoin, and in fact, it had been used to move a fair amount of money around illegally.
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.— TRON Foundation (@Tronfoundation) February 17, 2020
Warren Buffett Won’t Touch the StuffWith these strong views against the cryptocurrency, it appears that even being given a freebie BTC was not tempting enough for him to give it a look in. Sun stated after the lunch that he had gifted the finance magnate some Bitcoin, but Buffett vehemently denied it, on multiple occasions, to CNBC. “I don’t have any Bitcoin,” Buffett said. I do not own any cryptocurrency, I never will,” he said.
Buffett just now on @CNBC re @justinsuntron lunch— David Nage🎯 (@DavidJNage) February 24, 2020
“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…
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