Chamath Palihapitiya, a technology VC, has called out Warren Buffett on his negative comments about Bitcoin. In a recent interview, the former Facebook executive said Buffett is not an expert on technology. He also reiterated the notion that Bitcoin is digital gold.
Buffett Knows Little About Technology
Speaking during the interview, Palihapitiya said Buffett, the 82-year Berkshire Hathaway CEO, isn’t entirely tech-savvy. According to Palihapitiya, knowledge of technology isn’t exactly in Buffett’s “circle of competence,” saying:
Not everybody is right all the time.
Indeed, Warren Buffett hasn’t always been right. Despite being regarded as one of the greatest investors of all time, Buffett has passed up on a few choice investments like Amazon and Google. With cryptocurrency, he remains a staunch critic, recently declaring that buying the crypto wasn’t investing but speculating.
The “Oracle of Omaha” has had a lot of negative things to say about cryptocurrency, calling it a bubble and a mirage. He has even called the number one crypto “rat poison,” a view shared by Charles Munger, Buffett’s second-in-command at Berkshire Hathaway. Munger recently referred to …
Read more –> click here all content is copyright Bitcoinist.
Need Bitcoin marketing and PR? Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin or cryptocurrency press release CLICK HERE..
Powered by ABITCO.IN