Chamath Palihapitiya – Warren Buffett Is Completely Wrong And Outdated On Bitcoin

Venture capitalist and billionaire  Chamath Palihapitiya is the latest to disagree with Warren Buffet’s views on Bitcoin and cryptocurrency….

Warren Buffett is ‘completely wrong and outdated’ on bitcoin, Chamath Palihapitiya says

“Billionaire investor Chamath Palihapitiya disagrees with Berkshire Hathaway chairman Warren Buffett on the value of bitcoin, as Buffett declared earlier this week that cryptocurrencies have “no value.”

“He is completely wrong and outdated on this point of view,” Palihapitiya said on CNBC’s “Squawk Box” on Wednesday.

Buffett thinks that cryptocurrencies “don’t produce anything” and have zero value, declaring that he never will own anything like bitcoin. He’s long been a critic of bitcoin and has described the digital currency as “rat poison squared,” a “mirage,” and “not a currency.”

Although Palihapitiya disagrees with Buffett on the potential for cyrptocurrencies, the Silicon Valley investor said he still greatly respects Buffett on the whole.

“I think he’s an exceptional person. I’ve learned an enormous amount, both from afar and the few interactions I’ve had with him,” Palihapitiya said.”

Master Asked on February 26, 2020 in Bitcoin.
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