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The business director of Binance, a cryptocurrency exchange, said that he and Warren Buffett, the business director of Hathaway, have similar investment strategies. However, he mentioned that he will not win the Omaha Oracle to gain a place in the cryptocurrency space. “If he uses cryptocurrency, I will be troubled. He may not have the necessary skills or data to ensure the security of his cryptocurrency,” emphasized the business director of Binance.
Warren Buffett and Head of Crypto Investment Business at Binance
Binance Business Director Changpeng Zhao (CZ) talked about County Hathaway’s business director Warren Buffett and cryptocurrency investment on Yahoo Finance on Wednesday.
Zhao recently praised Buffett’s investment skills while reading a book about Buffett, entitled “Warren Buffett: The Cash Mind in the Last Word”. This book provides “in-depth analysis of Buffett’s basic knowledge, an intricate mosaic of broad concepts and insights that Buffett calls cash thinking”, consistent with its description.
The owner of Binance was asked if he was sitting with Buffett, and he would tell Oracle in Omaha about why he should invest in cryptocurrencies. Zhao replied:
I will not persuade him to occupy a place in the cryptocurrency field. I don’t think it is necessary for everyone to invest in encryption.
“My mother doesn’t use the rich internet, which is good. The internet is fine. My master is fine,” the Binance government continued. “I think it’s mainly an aggregation. We often don’t have to force everyone to use cryptocurrency. It is only suitable for those who wish to use cryptocurrency.”
He explained that as a result of reading several investment books, he browsed books about Buffett. “I recently stumbled upon it, and in fact, this is a great book,” Zhao emphasized, adding that Omaha’s Oracle “has a few unchanged investment papers…still applicable Cryptocurrency. It’s just that he is not interested in cryptocurrency.”
In addition, the Binance government believes that he and Buffett have similar investment methods. He explained that, as pointed out in the book, Buffett is not a capitalist who likes to diversify his investment portfolio. Zhao description:
He likes to hold some stocks that he is very familiar with. And he does not want to diversify in many stocks. It’s almost like my personal mentality. I only hold BNB and BTC. I will not spread myself among completely different crypto assets.
“Because of his non-diversification, he doesn’t like Bitcoin or cryptocurrencies. It doesn’t matter. We tend not to win him,” Zhao emphasized.
“He doesn’t need cash. He is at a special stage in his life, as long as I believe that what I have learned, philosophy, and doctrine are valuable to the world,” the Binance government further stated. He added that the business director of Hathaway County was “very successful and I respect the load” and pointed out that there is no need for him to enter the cryptocurrency space.
In fact, Zhao mentioned that if Buffett started to be victimized by encryption, he would be troubled, and said:
If he uses cryptocurrency, I will be troubled. He may not have the necessary skills or data to protect his cryptocurrency.
Buffett has always been an outspoken critic of Bitcoin and cryptocurrencies. He was called the BTC “rat poison square” in 2018. He also mentioned cryptocurrency gambling, a game, not an investment. His right-hand man, Charlie Munger, bluntly mentioned at Berkshire Hathaway’s annual meeting that Bitcoin is “disgusting and goes against the interests of civilization”.
Zhao was jointly asked about his recent discussion on Binance’s Dogecoin defect with Elon Musk, Tesla’s head of business. Musk is a cryptocurrency person with Dogecoin culture. He tweeted on the morning of weekdays that Binance’s shortcomings “sounds very gloomy”.
“Well, I won’t be unscrupulous on Twitter,” the Binance boss explained, emphasizing that Musk was “incorrect” and “lack of analysis.” He continued: “I’m not born aggressive, but when it comes to defending our business, I’m not obedient or weak. I treat defensive Binance as my job, and defensive BNB and cryptocurrency businesses. For my life’s mission.”
Post The Binance business executive said that he and Warren Buffett use similar investment strategies, but doubt whether Buffett has the skills to maintain encryption security. First appeared in Bitcoin wire.
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