Berkshire Hathaway, berkshire hathaway bitcoin, Charlie Munger bitcoin, Charlie Munger crypto, Charlie Munger cryptocurrency, Warren Buffet, Warren Buffett, warren buffett bitcoin, warren buffett cryptocurrency

Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, says he hates bitcoin’s success. “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth,†Munger said. Buffett, on the other hand, dodged the question about bitcoin because he did not want to upset the sheer number of investors who are long on the cryptocurrency.

Charlie Munger Hates Bitcoin’s Success

At Berkshire Hathaway’s annual shareholder meeting Saturday, Vice Chairman Charlie Munger commented about bitcoin. The 97-year-old said during a Q&A session:

Munger, who is often known as Warren Buffett’s right-hand man, added that he also does not like “shuffling out of a few extra billions and billions and billions of dollars to somebody who just invented a new financial product out of thin air.â€

Berkshire Hathaway, berkshire hathaway bitcoin, Charlie Munger bitcoin, Charlie Munger crypto, Charlie Munger cryptocurrency, Warren Buffet, Warren Buffett, warren buffett bitcoin, warren buffett cryptocurrency
Berkshire Hathaway CEO Warren Buffett (left) and Vice Chairman Charlie Munger at the company’s shareholder meeting on Saturday. Source: Berkshire Hathaway Inc.

The billionaire vice chairman of Berkshire continued:

After Munger finished expressing his view about bitcoin, Berkshire CEO Warren Buffett quickly added: “I’m alright on that one.â€

The “Oracle of Omaha†avoided answering a bitcoin question earlier, emphasizing that he did not want to comment on the cryptocurrency directly.

“We’ve probably got hundreds of thousands of people watching this that own bitcoin, and we’ve probably got two people who are short,†Buffett said, elaborating:

Munger has long been a bitcoin critic. “It’s really kind of an artificial substitute for gold. And since I never buy any gold, I never buy any bitcoin, and I recommend other people follow my practice,†he said in February. “Bitcoin reminds me of what Oscar Wilde said about fox hunting. He said it’s the pursuit of the uneatable by the unspeakable.†The Berkshire vice chairman previously called bitcoin “rat poison†and likened its trading to “trading turds.†Buffett then called the cryptocurrency “rat poison squared.â€

What do you think about what Charlie Munger said about bitcoin? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Warren Buffett’s Berkshire Hathaway Invests in Bitcoin-Friendly Digital Bank

Berkshire Hathaway, the company led by CEO Warren Buffett, has invested $500 million in a pro-bitcoin digital bank. Nubank says it will offer bitcoin investment following its acquisition of brokerage firm Easynvest which offers the trading of Brazil’s first bitcoin exchange-traded fund (ETF). Berkshire Hathaway Invests in Pro-Bitcoin Digital Bank Warren Buffett’s Berkshire Hathaway Inc. […]

Xem chi tiết: Warren Buffett’s Berkshire Hathaway Invests in Bitcoin-Friendly Digital Bank

Arnold Schwarzenegger Follows Warren Buffett’s Crypto Investment Strategy, Keeps Away From Bitcoin

Former Governor of California Arnold Schwarzenegger has confirmed that he does not invest in bitcoin or any other cryptocurrencies. He says that he is “like Warren Buffett†in that he does not invest in things he does not understand. The CEO of Berkshire Hathaway thinks bitcoin is “rat poison squared.†Arnold Schwarzenegger Not Investing in […]

Xem chi tiết: Arnold Schwarzenegger Follows Warren Buffett’s Crypto Investment Strategy, Keeps Away From Bitcoin

Arnold Schwarzenegger Follows Warren Buffett’s Crypto Investment Strategy, Keeps Away From Bitcoin

Former Governor of California Arnold Schwarzenegger has confirmed that he does not invest in bitcoin or any other cryptocurrencies. He says that he is “like Warren Buffett†in that he does not invest in things he does not understand. The CEO of Berkshire Hathaway thinks bitcoin is “rat poison squared.†Arnold Schwarzenegger Not Investing in […]

Xem chi tiết: Arnold Schwarzenegger Follows Warren Buffett’s Crypto Investment Strategy, Keeps Away From Bitcoin

Berkshire Hathaway’s Charlie Munger Finds Bitcoin ‘Disgusting and Contrary to the Interest of Civilization’

Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, says he hates bitcoin’s success. “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth,†Munger said. Buffett, on the other hand, dodged the question about bitcoin because he did not want to upset the sheer number of investors who […]

Xem chi tiết: Berkshire Hathaway’s Charlie Munger Finds Bitcoin ‘Disgusting and Contrary to the Interest of Civilization’

Bill Maher Mocks Bitcoin, Citing Warren Buffett, Bill Gates, Nassim Taleb

American comedian and television host Bill Maher mocked bitcoin and other cryptocurrencies, including dogecoin, on his show Friday. He quoted several bitcoin critics: Berkshire Hathaway CEO Warren Buffett, Microsoft founder Bill Gates, and “The Black Swan†author Nassim Taleb. Bill Maher Admits He Doesn’t Get Bitcoin Television host and political commentator Bill Maher mocked bitcoin […]

Xem chi tiết: Bill Maher Mocks Bitcoin, Citing Warren Buffett, Bill Gates, Nassim Taleb

Bill Maher Mocks Bitcoin, Citing Warren Buffett, Bill Gates, Nassim Taleb

American comedian and television host Bill Maher mocked bitcoin and other cryptocurrencies, including dogecoin, on his show Friday. He quoted several bitcoin critics: Berkshire Hathaway CEO Warren Buffett, Microsoft founder Bill Gates, and “The Black Swan†author Nassim Taleb. Bill Maher Admits He Doesn’t Get Bitcoin Television host and political commentator Bill Maher mocked bitcoin […]

Xem chi tiết: Bill Maher Mocks Bitcoin, Citing Warren Buffett, Bill Gates, Nassim Taleb

Berkshire Hathaway’s Charlie Munger Advises Investors to Never Buy Bitcoin or Gold

Berkshire Hathaway’s vice chairman and Warren Buffett’s long-time business partner, Charlie Munger, has advised investors not to buy bitcoin or gold. He believes the cryptocurrency is too volatile to serve well as a medium of exchange. Munger also says he doesn’t know which is worse between Elon Musk’s Tesla reaching $1 trillion in market cap […]

Xem chi tiết: Berkshire Hathaway’s Charlie Munger Advises Investors to Never Buy Bitcoin or Gold

Central Bank of Nigeria Denies It Has Placed New Restrictions on Cryptocurrencies — Uses Debunked Claims to Justify New Directive

Following the outcry over the Central Bank of Nigeria’s latest directive that targets cryptocurrencies, the institution has reaffirmed its stance with another statement. In the latest five-page document, the CBN insists that this directive is intended to protect the country’s financial system from the “risks†that are associated with cryptocurrencies. Debunked Claims Still, the central […]

Xem chi tiết: Central Bank of Nigeria Denies It Has Placed New Restrictions on Cryptocurrencies — Uses Debunked Claims to Justify New Directive

Central Bank of Nigeria Denies It Has Placed New Restrictions on Cryptocurrencies — Uses Debunked Claims to Justify New Directive

Fund Manager Bill Miller Lauds BTC- Says ‘Bitcoin Could Be Rat Poison, and the Rat Could Be Cash’

‘Noxious Poison’ – Bitcoin’s Market Cap Surpasses Warren Buffet’s Berkshire Hathaway Valuation

Bitcoin All-Time Price High Surpasses $28K, BTC’s Half Trillion Market Cap Now Bigger Than Visa

Concordium Debuts its Business-Oriented Blockchain Mainnet

Doge in Brooklyn: A Local Apparel Store Starts Accepting the Famed Crypto

Iran’s President Wants Crypto ‘Laws and Instructions’ Implemented as Soon as Possible

South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme