Warren Buffett’s right-hand man describes Bitcoin as “disgusting” and bad for civilization
May 2, 2021 07:40 GMT
Berkshire Hathaway vice president claimed that the cryptocurrency was “built from scratch” and is the ideal payment method for criminals.
Charlie Munger, Berkshire Hathaway Vice President and one of Warren Buffet’s main partners in that partnership, admitted Saturday during a question-and-answer session that, in his view, “the whole damned development.” [del bitcóin] It is disgusting and goes against the interests of civilization. “
“Of course I hate the success of Bitcoin,” said Munger, who is considered by many to be a visionary in the investment world. He said, “I do not agree with a currency that is very useful for kidnappers and extortionists,” noting that the popular cryptocurrency “was created out of thin air.”
“Of course I hate the success of Bitcoin,” says Charlie Munger. “I must say humbly that I believe that the entire damned development is disgusting and counter to the interests of civilization, and I will leave criticism to others.” “I’m fine with that,” adds Warren Buffett. #YFBuffettpic.twitter.com/vfmEBCt4M4
Yahoo Finance (YahooFinance) May 1, 2021
Warren Buffett, who was right next door to Munger and who previously described the cryptocurrency as “Mouse poisonHe preferred to sidestep the investor’s question that challenged both of them due to their known doubts about Bitcoin.
“We would probably have hundreds of thousands of people who own Bitcoin and watch this, and maybe two people who don’t. So we have the option of making 400,000 people feel crazy and sad about us, or making two people happy, and that’s a ridiculous equation,” Buffett said.