Speaking to Yahoo Live, Zhao noted that despite criticism by Buffett, investing in cryptocurrencies is not for everybody, adding that the billionaire is at a different stage in his life. According to Zhao, he cannot convince Buffett to invest in crypto because he is concerned the billionaire might not be aware of keeping his assets safe. The CEO added that they have a similar investment strategy alongside Buffett, considering the firm holds a small number of stocks that he knows well. Zhao stated that on his part, he only holds BMB and Bitcoin, and diversifying across different assets is not his personal preference. Zhao also noted that Buffett has a timeless investment thesis that applies to cryptocurrencies. Among the crypto community, Buffett became famous after calling Bitcoin a “rat poison” in 2018.
Tussle with Musk
The Binance CEO sentiments come after he got involved in a Twitter tussle with Tesla CEO Elon Musk in the wake of Binance suspending Dogecoin withdrawals with the exchange, citing a glitch during a network update. Musk, a proponent of DOGE, called out Binance, terming the move shady. Zhao hit out at Musk, stating that he cannot emulate him by being sassy on Twitter, but he aims to defend Binance. [coinbase] .
