Berkshire Hathaway Vice Chairman Charlie Munger railed against bitcoin in Berkshire’s annual meeting Saturday, calling the cryptocurrency — which Munger and longtime partner Warren Buffett have excoriated for years — “disgusting and contrary to the interests of civilization.” ...
Munger was less diplomatic: He said he hates bitcoin’s recent gains, arguing the currency was “created out of thin air” and is a go-to payment method for criminals.“I don’t welcome a currency that’s so useful to kidnappers and extortionists,” Munger said. “I think the whole damn development is disgusting and contrary to the interests of civilization.”“I’m gonna dodge that question,” Buffett said.
I will save this post and read it again in 10 years, they might be right or wrong...time will tell....for the time being...they are wrong....let’s not forget that in 1933 it was illegal to hold Gold for any US citizen until 1975....history will tell....
Жаба давит, потому что доходность биткоина куда больше, чем инвестиции в apple
Umii110
They look like an ad for senior home care.
Old men yelling at clouds
This is just a perfect example of generation gaps and I'm sure they both do not really understand the value behind it.
회개하고 주님의 길을 예비하십시오. SpecialSundayWord
I can only understand why he’d say that because he’s older than the dollar itself
Wait until someone tells him about NFTs
Bitcoin is currently consuming more electricity than the entire State of New York.
What’s disgusting is how these big whales of Wall Street don’t want the average retail investors to have access to the same trading opportunities that they do. They are mad that the old ways are being disrupted and that they are losing control of the market
Bitcoin, Big Tech, COVID-19, Capitalism are different reflections of absolute evil.
He’s right to a degree but we have to move with the times. Governments will be reluctant to get on board with btc because of the criminality aspect and because they can’t control it, so the long term viability is still unknown.
wake the masses _ ENKI is Great
CharlieMunger WarrenBuffett look like 2 dinosaurs who have no idea what blockchaintechnology is. They probably don't even know what emails are let alone have an opinion on Bitcoins. cnn bbcworld reuters yahoofinance CNBC
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