It seems safe to say that Berkshire Hathaway Inc. Vice Chairman Charlie Munger’s cryptocurrency skepticism hasn’t been softened by the rally in prices for bitcoin and other digital assets.
— Charlie Munger Munger’s remarks came in response to a question at Berkshire’s BRK.A, -1.29% BRK.B, -0.95% annual shareholder meeting on Saturday. Munger and Chairman Warren Buffett were asked about their feelings regarding rising cryptocurrency values given Munger’s previous characterization of bitcoin as worthless, “artificial gold.
Yeah he was around during the Lindbergh baby kidnapping so he's seen a thing or two.
OH really
Lol, you should say that cause people’s money will be in their hands and you and people like you that got rich from people’s money with not get any free money.
Idiot
..and fiat currency is clean? 😭 someone get him a butterscotch candy
lol🤣🤣🤣🤣🤣🤣🤣
Ohh know everyone sell ur crypto , Charlie just tried to pull the oldest fud out the book 😂
Dinosaur 🦕
You can do the same thing with cash. They’re literally doing it right now
His points were valid
Dépassé le papy 🤣🤣🤣 Il est juste frustré de ne pas avoir saisi cette vague. Aucune remise en question personnel. Un modèle voué à l’échec à l’heure actuelle. Le maître mot d’aujourd’hui est : ADAPTATION. Si le marché à décider de soutenir ces actifs allons y : profitons 💸💸💸
Crypto: transactions are on an immutable blockchain where all data can be verified and traced Fiat: Non of the above
He also did not like the Apple, saying that you do not understand the product, remember
He is just afraid that all the money he has will vanish from day to night
😂 Yet it is proving to be exactly the opposite. It is useful to sidestep the corrupt communist criminal politicians.
Why such hate at new wealth?
Who cares what 90 years old says about technology
and hackers. Hacking around globe has soared since bitcoin rally.
And cash never was?
I also hate everything I don't understand 😂
Lol, the ignorance
Their portfolio had nothing new or technologies not even Tesla on it
I’ll bet he hasn’t used a computer in 25 years
That’s stupid because some much illegal shit happens with dollars too
My grandpa was like you. Criticizing everything that is new and beyond his understanding…
Crypto “Fear Munger”
Explaining how Bitcoin works to this guy is like explaining to my great grandfather how an IPhone works. He would rather use a crank telephone. ☎️
good. healthy dose of skepticism on the sideline will keep this bull running.
Good thing gives him a platform to voice his uneducated opinion on the topic. The beauty is people who understand Bitcoin don’t listen to him or add selling “financial news”.
So is cash.
So the GOP and RU
He is right. But the stock brokers started the game by speculating on conpanies instead of really investing in the economy.
Banks have been ripping off Americans for hundreds of years—how about stock market maddof—💵💰🇺🇸
Yep. They are literally not useful for doing anything legal except maybe rampant speculative 'investing' (i.e. gambling). Also blockchain is a poor technological solution that is wasteful and harmful for the environment.
Fiat is used more for that
Very bullish! Buying more Eth
And cell phones are the devil waiting to suck your soul out through your ear.
Piece a shit just mad he didnt invest in it
BHHSRealEstate Who the fuck is Charlie Blunder?
Who cares
What kidnapper let alone merchant would want to transact in something as volatile as bitcoin 😂 crypto currencies are scams
Crypto is not, Mungers generation. He is unable to comprehend it. The same as when old people said, Rock n Roll was the devils music and, D&D was worshiping the Devil and, Video Games cause violence. Just ignore them, they will die off soon and all will be right with the world.
As he's typing on his commodore 64...
I wonder if hat they used before Bitcoin Bitcoin
Elon fans are offended. lol
Why because there doing better than you two
All these powerful people are scared of crypto. The fact that they bag on it, gives me confidence.
It’s almost as useful as cash!
Fiat ‘useful for war and drug cartels’
drantbradley What a silly position. I understand not wanting to own bitcoin because it's an asset that has no real value beyond hoping to sell it to someone else for a higher price. But that's 95% of all stocks as well.
The dinosaurs feel threatened and fear losing control over us?
So is the internet.
Cause kidnappers and extortionists don't use dollars at all!
Crypto is a decentralized ponzischeme and heinously destructive to the environment. BTC
Another no-coiners hatred towards a technology they don’t understand. What’s new? 🤷♂️ Because ultimately: If he doesn’t believe it or doesn’t get it, I don’t have the time to try to convince him (or the rest!), sorry.
no_pullbacks He's a Dinosaur invested in banks, of course hes going to fear monger.
Have fun staying poor
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