No, billionaire Warren Buffett cannot buy Bitcoin’s entire circulating supply, but it’s not like he…
U.Today 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.
Warren Buffett has $137 billion in cash.
That is almost enough to buy every Bitcoin in the circulating supply.
— Pomp ? (@APompliano) May 2, 2020
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.
