Warren Buffett is not, and won’t ever be into Bitcoin, claims Litecoin’s Charlie Lee

0
19


Out of all the promises made over the last decade, the crypto-ecosystem delivered two of them: a volatile market and persistent leadership. Although entrepreneurs have rooted for their own personal agenda, the cryptoverse has witnessed a new era of mutual inclusion. Highlighting this development, a recent podcast featured Litecoin’s Charlie Lee and Blockstream’s Samson Mow.

Touching upon some of Litecoin’s recent and upcoming developments, the creator of Litecoin attributed it’s success to the upcoming halving. Further, when asked about his game plan for the lunch with Warren Buffett, Lee stressed upon the fact that it was not his goal to convince Buffett to support cryptocurrency. He said,

“It’s not possible to convince him (Buffett). He doesn’t invest in technology stuff, so he’s not and won’t be into Bitcoin. And that’s not surprising at all.”

Rather, Lee argued that this initiative led by Justin Sun was primarily to gain mainstream media exposure and PR for the crypto-landscape. The Litecoin creator also spoke about his interaction with American economist Nouriel Roubini.

Blockstream’s Samson Mow continued having the conversation, while criticizing Facebook’s Libra initiative. He said,

“(Libra is) Facebook credits that are being marketed as a cryptocurrency. But apparently, there is no blockchain behind it.”

Charlie Lee agreed with Mow, adding that Libra would never stand a chance in front of Bitcoin or Litecoin as it doesn’t possess the basics to be called a cryptocurrency in the first place. Lee’s views are similar to those aired by CoinShares’ Meltem Demirors who made the same argument during Libra’s hearing before the US House of Representatives.



Source link