Charlie Munger calls bitcoin ‘disgusting and contrary to the interests of civilization’
Charlie Munger took aim at bitcoin and cryptocurrencies during the conglomerate’s annual meeting on Saturday.
“I think the whole damn development is disgusting and contrary to the interests of civilization,” said Munger.
Buffett’s right-hand-man called bitcoin a “financial product invented out of thin air.” “Of course I hate the bitcoin success,” Munger said. “I don’t welcome a currency that is so useful to kidnappers and extortionists.”
Buffett avoided the question on bitcoin because he said he didn’t want to get grief from everyone who is long bitcoin, relative to the few people who are short the digital asset.
$CME-Bitcoin RR Futures(JUL4)(BTCmain.US$
$Ether RR Futures(JUL4)(ETHmain.US$
$CME-Bitcoin RR Futures(JUL4)(BTCmain.US$
$Ether RR Futures(JUL4)(ETHmain.US$
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Anoraky : Unlearning is hard
70546093 : Exactly.
Didn’t they pass on the opportunity to invest in Microsoft and Amazon in its early days?
How hard is it to say I don’t understand it as much to have an opinion about it. Being a billionaire entitles you to talk anything you want I guess.