Chamath Palihapitiya targeted Warren Buffett: He doesn’t know the tech

Technology entrepreneur Chamath Palihapitiya said on Wednesday that billionaire investor Warren Buffett was wrong about Bitcoin.

Not everyone is always right, the former Facebook executive told CNBC. He said, and said that Berkshire Hathaway Chairman and CEO’s knowledge of technology is not within the circle of competence.

In an interview with CNBC’s Becky Quick on Monday, Bitcoin produces nothing and is an inefficient one He said it was an asset.

Berkshire Vice President Charlie Munger and Microsoft’s co-founder Bill Gates also criticized Bitcoin.

Saying that crypto currency replaces gold, Palihapitiya said, “Bitcoin is really important. , because it is unrelated to the rest of the market.”

Facing skeptical approaches, the cryptocurrency currently stands at approximately $9,300.

Palihapitiya, who started working at Facebook in 2007, has a four-year tenure. Throughout his career, he held various senior positions.

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