Venture capitalist Chamath Palihapitiya criticized Warren Buffett’s negative stance on Bitcoin, calling the legendary investor “completely wrong and outdated.” Palihapitiya advocates for allocating 1% of a portfolio to Bitcoin, citing it as the only “uncorrelated hedge” in the world. Despite their differences, Palihapitiya respects Buffett but disagrees with his views.

Palihapitiya has previously clashed with Buffett over cryptocurrency, emphasizing the importance of understanding before criticizing. He acknowledges biases and respects Buffett as an “exceptional” person while maintaining his disagreement on Bitcoin. Bitcoin’s value has surged significantly, closing at $9,325.18 during the interview and reaching $121,809.56 at present, marking a 1206.24% increase.

Read more at Yahoo Finance: Chamath Palihapitiya Once Disclosed He Was A Warren Buffett Disciple, But Disagreed With The Investing Legend’s ‘Wrong, Outdated’ Views On Bitcoin