The co-founder and partner at Morgan Creek Digital was quick to respond to Buffett’s assumptions of cryptocurrency.
Ever since Warren Buffett gave an interview in which he stated “I don’t own any cryptocurrency” and rebuffed the idea that there was any value in Bitcoin, responses from the crypto community and media outlets have been spreading like wildfire.
Tron (TRX) Founder Justin Sun immediately came forward and claimed that the blockchain could prove Buffett was indeed the owner of a number of Bitcoin. However, the issue many had wasn’t his denial of ownership, but rather his seemingly outdated views on technology.
Anthony “Pomp” Pompliano, co-founder and partner at Morgan Creek Digital, spoke to CNN’s Julia Chatterley at the New York Stock Exchange on Tuesday. He had a lot to say about the Buffett interview.
I spoke to @jchatterleyCNN this AM.
Explained why Warren Buffett isn’t a great person to listen to on technology and why Bitcoin’s monetary policy is superior to fiat monetary policy.
If this video gets 500,000 views, Julia will bring on more Bitcoiners.
You know what to do 🙏🏽 pic.twitter.com/lEcyQkbG6w
— Pomp 🌪 (@APompliano) February 25, 2020
Though Pompliano acknowledged many investors respect the billionaire and consider him a financial genius, he referred to Buffett as being out of touch when it comes to cryptocurrencies:
“I really don’t take technology advice from somebody who uses a flip phone or doesn’t use email.”
Pompliano on Sweden’s central bank digital currency
Pompliano continued the interview by expanding on the popularity of Bitcoin in Europe. The country of Sweden recently began testing a digital currency. If their pilot program for the e-krona is successful, it would mean average citizens could conduct everyday transactions and banking through the blockchain.
“Everything will be digital. Instead, what we’re going to have is a competition of monetary policy. That’s I think where we believe that the Bitcoin monetary policy is superior to central bank monetary policies, and ultimately Bitcoin will be the winner, and will be the global reserve currency at some point in the future.”
Other countries have also been considering minting digital currencies of their own. Officials in Japan held meetings to discuss a digital yen, while this month The People’s Bank of China filed applications for patents regarding a digital renminbi.