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Coronavirus, Drug Dealers and Buffett’s BTC: Bad Crypto News of the Week

Published 02/29/2020, 01:03 PM
Updated 02/29/2020, 02:42 PM
Coronavirus, Drug Dealers and Buffett’s BTC: Bad Crypto News of the Week

The experts have had a rough few days. Anthony Pompliano, co-founder and partner at Morgan Digital Creek, spoke to CNN about Warren Buffett’s poor view of Bitcoin. The Sage of Omaha had said that he doesn’t own any BTC and sees no value in digital currencies. Pompliano argued that Buffett might be a whiz when it comes to spotting stocks but he’s not so great when it comes to technology.

Someone else who turned out not to be so great at technology is an anonymous Chinese crypto whale who is reported to have lost $30 million worth of BCH and $15 million worth of BTC in a sim swap. We’ve seen those before so keeping that kind of money in such a vulnerable spot… well, that’s about as thoughtless as not seeing any value in digital currencies.

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