Berkshire Hathaway s Charlie Munger Is Disgusted by Bitcoin s Success gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.
Last Updated: 03 May 2021
Vice-Chairman of Berkshire Hathaway Charlie Munger has not softened his stance against Bitcoin and other cryptocurrencies despite the nascent industry posting remarkable returns.
His continued criticism of the volatile asset class resurfaced again during a Q & A session hosted virtually on May 1 at Berkshire’s annual shareholder meeting.
Bitcoin Useful For Crooks
In his usual non-pulsed and frank manner, Warren Buffett’s right-hand man said he hated the fact that Bitcoin was gaining mainstream acceptance.
Munger believes Bitcoin is more useful to kidnappers and extortionists. The billionaire also said he wasn’t considering putting his money on a new financial product made by someone out of thin air.
02 May 2021, 07:05 pm
(Photo : Screenshot From Commons.Wikipedia.org) Warren Buffett Alright with Vice Chairman Says He s Disgusted With Cryptocurrency Success
While the likes of Elon Musk are celebrating the rise of cryptocurrency, other investors who have been around longer than Tesla and SpaceX CEO sometimes gravely disagree. Charlie Munger, the Vice Chairman of Berkshire Hathaway, famous for being Warren Buffett s right-hand man, gravely disagrees with Bitcoin.
Charlie Munger Bitcoin Quote
Bitcoin News on Twitter quoted the Vice Chairman s thoughts regarding cryptocurrency linking an article to his statements. At the Berkshire Hathaway s regular annual shareholder meeting on Saturday, Charlie Munger gave a comment about Bitcoin in a Q&A session.
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