CEO of Berkshire Hathaway Warren Buffett said he will never own crypto in an interview with CNBC’s Becky Quick. “Crypto currencies have no value. You can look at your little ledger item for 20 years and see you can get X of this crypto. It can’t mail you a cheque, it doesn’t produce anything. What you hope is someone will come along later and pay you more for it later on. But in terms of value, it’s a 0.”

When asked if Justin Sun changed Buffett’s perspective on crypto. Buffett replied: “No, but I didn’t change his either. I had a very pleasant dinner. Those four people behaved more than well. Justin gave $4.6 million and that will buy a lot of meals and beds for people in San Francisco. So I thank him,” Buffett added.

When asked if Sun had given him some Bitcoin. Buffett laughed and said: “I don’t have any bitcoin. I do not have any crypto currency and I will never will.”

Crypto Twitter erupted following the interview. Binance founder CZ tweeted and asked Justin Sun if Buffett knows how to sell his Bitcoin. “Should we consider it burned?” CZ commented on the interview and said it was a good effort but “you can only bring the horse near the water”.

😂 @justinsuntron? he knows how to sell that bitcoin? Or we can consider that’s “burned”?

Nice effort, but you can only take a horse to water…

This is why I rarely try to convince anyone. Their choice.

Crypto doesn’t have to be used by everyone. My grandma never used USD. https://t.co/3iHeAp16H7

— CZ Binance 🔶🔶🔶 (@cz_binance) February 24, 2020

Following Buffett’s comments on his dinner with Sun and as a response to CZs comments. Sun tweeted: “I will continue my efforts on teaching grandmas to use crypto.”

I will continue my efforts on teaching grandmas to use crypto. Crypto for all! 😂

— Justin Sun (@justinsuntron) February 25, 2020

The charity dinner with Buffet cost Sun $4.6 million. The founder of Tron gifted Buffett one Bitcoin and some Tron during the charity dinner. Sun once again posted the btc address on his twitter clarifying that the BTC is intact and is very much with Buffett. The Tron community was divided on the money spent on dinner, but many were pleased with the marketing exposure Tron and Bitcoin has received. Personally Sun was pleased with the advice and tweeted: “Dinner with Buffet was not only to help homeless people of SF but also to discuss differences of opinions in investments and life experiences. In terms of charity impact, the dinner was very successful! Mr. Buffett is such a great teacher of life, I learned so much!”

In China’s CCID blockchain project ranking EOS is in first position again, followed by TRON and Ethereum. Bitcoin though has fallen to position 11. Bitcoin has been overtaken by NEO and STEEM.

This is the Chinese Center for Information and Industrial Development (CCID)’s 16th edition of the rankings. The report is published once a month and compares the most prominent blockchain projects in various aspects.

It is the first report of the year 2020 and the first positions are occupied by three DApp platforms: EOS has gained the first position for the third consecutive time.

Since the last report published in December, the ranking has moved slightly. TRON took the second place that Ethereum had occupied previously. In addition, Bitcoin dropped out of the top 10 and fell 2 positions to number 11. The number one cryptocurrency by market capitalization was displaced by platforms like NEO and STEEM.

American stock broker, financial commentator, and cryptocurrency skeptic Peter Schiff—who was in the news a few days ago, when he debunked a “fake news” byte that he had “conceded” that Bitcoin has represented a successful investment opportunity for over the past ten years—is now talking about the impact Coronavirus is having on the markets.

While earlier Peter had said he thought the virus was an excuse for stock market woes. But now it turns out coronavirus has actually helped the US stock market because it has led central banks to pump even more liquidity into the world financial system.

“All this means more liquidity,” said Peter in a recent podcast. “In fact, that is exactly what has already happened, except the new easing is taking place, for now, outside the United States, particularly in China. In fact, I think but for the coronavirus, the US stock market would still be selling off. But because of the central bank stimulus that has been the result of fears over the coronavirus, that actually benefitted not only the US dollar, but the US stock market.”

He said that the primary economic concern is that coronavirus will slow down output and ultimately stunt economic growth. “Practically speaking, the world would produce less stuff. If the virus continues to spread, there would be fewer goods and services produced in a market that is hunkered down,” he said.

“In fact, if central bankers were really going to do the right thing, the appropriate response would be to drain liquidity from the markets, not supply even more.”

In a recent tweet, he said: “Everybody looks at central bankers as if they’ve got the solution to every problem. They don’t. They don’t have the magic wand. They just have a printing press. And all that creates is inflation.”

Everybody looks at central bankers as if they've got the solution to every problem. They don't. They don't have the magic wand. They just have a printing press. And all that creates is inflation. https://t.co/6ZKbMioTOv

— Peter Schiff (@PeterSchiff) February 19, 2020

He said that the biggest problem likely to result from the Coronavirus itself will be a supply shock, where the supply of goods and services is reduced. “However, central bank policy is designed to increase demand, which will only exacerbate the imbalance between supply and demand.”

As for the news that he conceded that Bitcoin is a successful investment opportunity is “fake news”. “I acknowledged the past rise in the price of Bitcoin merely to point out that those gains did not prove my earlier comments about Bitcoin’s flaws as money invalid. A pyramid scheme has no place in an investment portfolio.”