Can Warren Buffett Buy All Bitcoin (BTC) in Circulation? Binance CEO Shares His Take
Berkshire Hathaway CEO Warren Buffett, the fourth richest person on the globe, is currently sitting on a $137 bln pile of cash, which means that he can gobble up Bitcoin’s entire circulating supply.
On the off chance that “the Oracle of Omaha” does decide to go all-in on crypto, Binance CEO Changpend Zhao says that he is unlikely to succeed.
Cash can’t buy you everything
CZ explains that the 89-year-old billionaire would need all holders to sell him their existing coins at current prices. This seems extremely far-fetched since most of them expect significant price appreciation in the long-term.
Hence, Buffett will have to be content with a very small portion of BTC that he will manage to buy “at very high prices.”
CZ, whose net worth is estimated to be at $2.6 bln, claims that he only holds a minuscule amount of fiat, and he doesn’t plan to sell his crypto riches.
Good day everybody,
you have noticed something interesting probably (or not). Here is my new analyze about the Integration of Ethereum, Ripple XRP and Bitcoin, Nano, Dash, Nano, BCH, TRX and others into the Binance Widget into Brave Browser.
Here are the facts :
CLICK HERE here to Install BRAVE Browser and Be REWARDED In BAT CRYPTOCURRENCY Everyday for FREE (on your PC and your Android)
Heiko Closhen, Entrepreneur