UK markets open in 8 hours
  • NIKKEI 225

    27,772.93
    +305.70 (+1.11%)
     
  • HANG SENG

    24,952.35
    +824.50 (+3.42%)
     
  • CRUDE OIL

    86.29
    -0.61 (-0.70%)
     
  • GOLD FUTURES

    1,838.50
    -4.10 (-0.22%)
     
  • DOW

    34,715.39
    -313.26 (-0.89%)
     
  • BTC-GBP

    29,918.58
    -924.45 (-3.00%)
     
  • CMC Crypto 200

    992.43
    -2.83 (-0.28%)
     
  • ^IXIC

    14,154.02
    -186.23 (-1.30%)
     
  • ^FTAS

    4,274.52
    +0.73 (+0.02%)
     

Binance CEO on whether Warren Buffett should invest in crypto

Binance CEO Changpeng Zhao weighs in on whether he thinks Warren Buffett should invest in crypto.

Video transcript

CHANGPENG ZHAO: It's not necessary that everybody have to invest in crypto. My mom doesn't use the internet that much, and that's fine. The internet is fine. My mom is fine. We don't have to convince everybody to use crypto, and it's only for the people who want to use crypto can use crypto. I was reading in Warren Buffett's book just because, you know, I read many investment books, and I recently stumbled upon it.

And it's a great book, actually. He has many investment theses that are timeless, and that still applies to crypto. It's just that he's not personally interested in crypto. But I don't think-- and in the book, he also says that he's not a diversified investor. He likes to hold a small number of stocks that he knows well, and that's very similar to my personal mentality. I only hope BMB and BTC. I don't diversify myself across different crypto assets. So and because of his non-diversification, he's not into Bitcoin or crypto. That's fine. We don't need to convince him.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting