," he said. "I don't welcome a currency that's so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air."
"I think I should say modestly that the whole damn development is disgusting and contrary to the interests of civilization," Munger added. Of course, bitcoin supporters would disagree with Munger. They believe bitcoin is a store of value that can be used to hedge against inflation. They'd argue that bitcoin is a sound peer-to-peer financial system."It's really kind of an artificial substitute for gold. And since I never buy any gold, I never buy any bitcoin," Munger said at the annual
. "Bitcoin reminds me of what Oscar Wilde said about fox hunting. He said it was the pursuit of the uneatable by the unspeakable.", according to Coin Metrics, with a market value of over $1 trillion.
MakeIt Me too
MakeIt This is what happens when dinosaurs realize their extinction is inevitable
MakeIt Echo?
MakeIt I would tend to agree
MakeIt Someone’s feeling the FOMO
MakeIt As I said previously his era is over, let the new young blood architect the future free of wealth gap.
MakeIt You can't teach old dogs new tricks
MakeIt and they are also sad they missed out on BadBabyDinosNFT Launch ☹️and didn't buy shib at .0000005 cryptocurrecy cryptotrading
MakeIt “Get off my lawn”
MakeIt You keep repeating this article… either you guys are biased and clearly against crypto or just hammering Munger as an old fashioned investor….
MakeIt boring.
MakeIt millennials - Your Era is Over!
MakeIt This from a man with too much money who wants to build a windowless torture chamber - I mean living space - for college students. Next.
MakeIt Great news thanks for sharing
MakeIt
MakeIt How many times are youll gonna share this article? Lol..
MakeIt Awww, wish in one hand.... You know the rest
MakeIt You too old and your version
MakeIt Munger sounds like my father in law when he talks about me.
MakeIt Commie munger
MakeIt focous on 'admires China'
MakeIt Bullish news
MakeIt Such old news - can you please report some information of substance
MakeIt Crypto is only a function of advertising and media hype. It's utility to date relative to it's energy consumption is squat.
MakeIt My idol
MakeIt You admire a country that is a tyrant and murders its own people. Slave labor. I hope you go peacefully in your sleep tonight.
MakeIt Loser😂
MakeIt
MakeIt Cryptos must be banned in India too. But can it happen under BJP rule. Like to know where all 2000 rupee notes have gone? Those notes must be demonetised.
MakeIt He missed the bottom so he’s bearish
MakeIt risky stuff reminiscent of what happened with the mortgage trading 12 years ago
MakeIt Tweedle dee and Tweedle dum 😆
MakeIt Alot of old people mad ....times change ...grow
MakeIt I agree
MakeIt Old man angry at bitcoin hahaha meh
MakeIt China likes Gold and Dollars !
MakeIt He's right. And China is correct for banning them. This could VERY VERY easily spin out of the control of the government. Thousands of fake coins, new ones invented each day. Just wait until Elon coin comes out, then Trump coin. Eventually crypto total 'value' passes dollars
MakeIt “Out with the old”, so to speak.
MakeIt Just ignored them, their time is up,
MakeIt The future is CRYPTO old man shibarmy 1centdreamshib
MakeIt Well, there's no good or bad just up to whether you believe in it. Imagine when VOC first introduced stock to raise capital, it got bashed by non believers too 🤷♀️
MakeIt Reinstate16000Employees RestoreSERA2010 JusticeWith16000Employees JusticeWith16000SackedEmployees stopillegaltermination VictimsOfDoubleJeopardy
MakeIt dinosaurs
MakeIt Sorry to upset your strategy of hording all the money.. And sorry it made you become a communist..? 🤷♂️
MakeIt
MakeIt The technophobe has spoken.
MakeIt If he was 27 instead of 97 his thoughts should be drastically different.
MakeIt He’s old school he doesn’t understand 🤔
MakeIt In other news, old man yells at clouds....
MakeIt Wish Buffet would condemn Kellogg’s
MakeIt Is that because like me he didn't see the point and never got on board ?
MakeIt With due respect, most of these old school billionaires are not in favour of Crypto Currency coz they don't want millennials to make easy money for which they rubbed their ass*s for ages. Anyway most of them r in last leg of their lives. So let's not debate abt what they say.
MakeIt Two of the most corrupt people on the planet and love China No dividend They used the money to buy more companies wake up people
MakeIt And we need a headline quoting a 97 year old over disruptive economic and technological progression because...?
MakeIt 🤔
MakeIt China and India have made cryptocurrencies illegal, which is a smart move. Cryptocurrency is a magnet for the criminal gangs. Western governments are too stupid to realize this reality.
MakeIt I don't admire China for anything, but I do agree all countries should make it illegal. It is a source of corruption and crime.
MakeIt Since retweet’s this constantly I wish it were never invented - seriously give it a rest
MakeIt Old news. Come up with something new
MakeIt Yes, we heard you the 1st time you tweeted this... and the 2nd... and the 3rd.... and the 4th... and the 5th... etc.. Nobody gives af what Charlie Munger invests in anymore. He's not investing for the future bc he's too old. Stop posting the same shit every other day!
MakeIt When the rich own the politicians and the politicians control the centralized currency … of course the rich fear decentralized currency cause they can’t manipulate it.
MakeIt Charlie should move to Beijing!!!
MakeIt He is wacky
MakeIt
MakeIt Current crypto buyer will look for new buyer. They will be very unlucky if new buyer don't come to market.
MakeIt Crypto should be treated as a trading asset only. If you make a profit in it you should take it. Too volatile to be considered a long term store of value.
MakeIt Admires a Communist country for banning freedom to its citizens 🧐🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡Charlie literally stole US citizens homes after Katrina. This guy is not American
MakeIt Please explain how his company has added value to the world? Seems to me that his claim to fame is buying and selling what others have built and or created. On that basis, he has an agenda for his own wealth preservation, so why is he credible on this issue?
MakeIt fuk sake how many time u gonna post this news all ready did 5 time in last 5 days.
MakeIt
MakeIt An enormous ongoing waste of energy and resources and literally costs a fortune in energy just to run the currency transactions. Bitcoin mining consumes around 91 terawatt-hours of electricity annually and a lot of that is from coal power.
MakeIt “I think that one should recognize reality even when one doesn’t like it; indeed, especially when one doesn’t like it.” - Charlie Munger
MakeIt I was told about Cryptyflora , but I was not sure if I could see a change in life. It all happened like a miracle, when I invested $1,000 into his coin pumps through telegram and got my payment of $10,000 from the pump. Cryptyflora
MakeIt And meanwhile China has launched a state owned crypto e-Yuan. Get updated Charlie Munger.
MakeIt It is all about fearing lose control, Chinese gov. is an perfect example
MakeIt I was told about cryptyflora, but I was not sure if I could see a change in life. It all happened like a miracle, when I invested $2,000 into his coin pumps through telegram and got my payment of $7,000 from the pump. cryptyflora
MakeIt The USA is a past master of creating financial instrument from nothing of actual value and that includes printing money
MakeIt Fortunately, digital currency has the function of hedging, and the virtual currency market will be three times larger than the spot gold market in the future. The man who invented virtual cryptocurrency is really a genius
MakeIt They both should have retired a long long time ago.
MakeIt Influencer or not🌚,.. Give the youngsters a short, or just relax and watch 😊
MakeIt munger been honey trapped
MakeIt Nobody likes to change the “status quo” especially when it has worked for you. statusquo bias
MakeIt Incorrect, they banned mining, you can still own them
MakeIt Munger needs to prep his casket ⚰️ dude is crusty old. Heck, warren buffet looks in better shape that that old chump.
MakeIt Of course they are dinosaurs. They have no control. Which my opinion is why should they worry. They are old and already have to much money . Technically suppose to surpass the past .
MakeIt He like china so much , better migrate there
MakeIt Oh really? What engineering innovation did he create?
MakeIt scared is he?
MakeIt Didnt you release this exact same report like a week ago but with India in the tweet instead of China?
MakeIt His wishes didn't come through n what he admires faked him.. Old skull
MakeIt Old news 📰
MakeIt Such a hater. He just mad he was not out ahead of it. TheGreatReset
MakeIt Bitcoin
MakeIt Because he can't understand how it works and he can't manipulate it to his own benefit ... Sorry gramps ... the world is controlled by computers now ... Can't teach an old dog new tricks
MakeIt Angry avg people are getting wealth!
MakeIt This man must be troubled by how much money this youngsters are making😂 and how easy to make money nowadays
MakeIt Charlie munger is a Chatty Cathy
MakeIt What a dou che
MakeIt When I get old I pray I don’t become a grumpy old man
MakeIt Ok grandpa
MakeIt this is terrible news
MakeIt Crypto are 'invented' because rich ass like him make the rich richer. Time for wealth transfer.
MakeIt 😂😂😹😹🤟😹😂🤣🤣😂🙈🙈😂🤣🤣😊😊🤣👊😉😂☝️😂😂🤘😄😄😜🤪🤪🤪☺️☺️😁😁😁🙈🙈🙈
MakeIt 'rich man disses rival system that threatens dominance of the system that enriches him' FTFY
MakeIt Govt should love crypto it gives them the ability to tax your dollars ten times over. Munger is a dinasaur.
MakeIt Interesting but one of there largest holdings is BOA holding 13 patents on Crypto. Love them but watch what they do not what they say
MakeIt It's easier to pay my mortgage, Internet and electricity in El Salvador with Bitcoin than $USD. Either that or it's a wire transfer or waiting in line at the bank for an hour, after getting cash from the ATM. So much easier. Also, never had any $BTC stolen in process.
MakeIt Extinct
MakeIt These dinosaurs have literally made their fortune by betting on companies like coca cola and mcdonalds, and not to mention the 08 bailouts of big banks. Of course they don't want to lose control over the money printer, even at 90. CNBC won't stop kissing their boots though.
MakeIt ankhfit8
MakeIt Lol. Charlie.
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