Since Warren Buffett gave an interview in which he stated, “I don’t own any cryptocurrency” and refuted the idea that Bitcoin had any value, reactions from the crypto community and media have spread like wildfire.
The founder of Tron (TRX), Justin Sun, immediately came forward and claimed that the blockchain could prove that Buffett was indeed the owner of a number of Bitcoin. The problem that many had, however, was not his denial of ownership, but rather his apparently outdated notions of technology.
Anthony “Pomp” Pompliano, co-founder and partner at Morgan Creek Digital, spoke with CNN’s Julia Chatterley on the New York Stock Exchange on Tuesday. He had a lot to say about the Buffett interview.
Although Pompliano acknowledged that many investors respect the billionaire and consider him a financial genius, he referred to Buffett as being out of the way when it comes to cryptocurrencies:
“I really don’t take technology advice from someone who uses a flip phone or doesn’t use e-mail.”
Pompliano continued the interview by expanding Bitcoin’s popularity in Europe. The country of Sweden has recently started testing a digital currency. If their pilot program for the e-crown is successful, this would mean that average citizens could execute daily transactions and banking via the blockchain.
“Everything will be digital. Instead, we are going to conduct monetary policy competition. I believe that is where Bitcoin’s monetary policy is superior to the central bank’s monetary policy, and ultimately Bitcoin will be the winner and at some point become the global reserve currency. “
Other countries have also considered using their own digital currencies. Officials in Japan held meetings to discuss a digital yen, while the People’s Bank of China filed applications for patents related to a digital renminbi this month.