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However, the issue many had wasn’t his denial of ownership, but rather his seemingly outdated views on technology.
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.
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.
Coincheck Announces Qtum Soon Available for Trading
Japan may be on its way to creating a state-issued digital currency, but local companies in the world’s third-largest economy can still innovate and provide some healthy competition.
Coincheck, the crypto exchange based in the Asian nation, currently handles trading, selling, and buying for eleven cryptocurrencies. They announced on Feb. 25 that they were planning to add another to the mix. The cryptocurrency Qtum (QTUM) will soon be the 12th available for trading on the exchange.
How will Qtum be different from existing Coincheck cryptocurrencies?
As with other cryptocurrencies the exchange manages, Coincheck will allow its users to send, receive, buy, and sell Qtum.
However, they will also be able to use Qtum for Coincheck’s lending service. Under the existing service, users can lend their cryptocurrencies to the exchange by agreeing on a loan contract agreement. Once this contract expires, Coincheck will return the cryptocurrency with an annual percentage rate on top of it. The exchange claims the annual interest rate has been up to 5%.
Qtum is a blockchain platform established in December 2016. They are working with both Google and Amazon to develop their Dapps platform. As of Feb. 25, the date of release for the cryptocurrency has not been set.