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We don’t need Warren Buffett to invest in cryptocurrencies By Investing.com


© Reuters.

By Laura Sánchez

Investing.com – Binance founder and CEO Changpeng Zhao says nothing happens if billionaire investors like Warren Buffett don’t invest in cryptocurrencies, as this business is not for everyone.

In fact, Zhao believes the Berkshire Hathaway (NYSE 🙂 CEO would do well not to get involved.

“It would not convince you to invest in cryptocurrencies. I think it is not necessary for everyone to have to invest in cryptocurrencies,” Zhao said in a statement to Yahoo (NASDAQ 🙂 Finance Live.

Zhao praised Buffett’s investment skills after reading a book on the Oracle of Omaha, “Warren Buffett: Inside the Ultimate Money Mind.”

“Buffett” has a lot of investment theses that are timeless. And that still applies to cryptocurrencies. It’s just that he’s not personally interested in cryptocurrencies. “

Although Buffett is not very interested in cryptocurrencies, Zhao said that he believes they have similar investment strategies.

“He likes to have a small number of stocks that he knows well. And he doesn’t want to diversify into hundreds of stocks. And that’s very similar to my personal mindset. I only have BMB and. I don’t diversify through different crypto assets,” Zhao said.

He added that Buffett “is at a different stage in his life where I believe that learnings, philosophies and teachings are valuable to the world. He is very successful, which I respect very much. We don’t need to get him into crypto.”

Warren Buffett is known for his critical role with cryptocurrencies. In an interview in 2018 he called them “rat poison.” Charlie Munger, Buffett’s right-hand man, called it “disgusting and contrary to the interests of civilization” at the Berkshire annual meeting earlier this year.

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HELEN HERNANDEZ

Helen Hernandez is our best writer. Helen writes about social news and celebrity gossip. She loves watching movies since childhood. Email: Helen@oicanadian.com Phone : +1 281-333-2229

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