Despite a significant rise in market valuations and growing use cases, veteran stock picker Warren Buffett’s opinions on cryptocurrencies haven’t changed for the better.
What has changed is the perspective of certain cryptocurrency tycoons, who went from calling Buffett’s stance a “big mistake” to recognizing his freedom of choice.
What happened: Back in Jan. 2018, Buffett, Chairman and CEO of Berkshire Hathaway, earned the ire of the cryptocurrency advocates by making a gloomy prediction for the asset class.
“In terms of cryptocurrencies generally, I can say almost with certainty that they will come to a bad ending,” he said.
The remark drew outrage and even prompted a response from Changpeng Zhao, the founder and former CEO of cryptocurrency behemoth Binance (CRYPTO: BNB). With a net worth of $33 …
Full story available on Benzinga.com