January 27, 2023

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Berkshire Hathaway Vice Chair Munger says Bitcoin is useful to kidnappers, extortionists

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Comments from Munger from Berkshire’s annual shareholder meeting held on Saturday

  • ‘Of course, I hate the bitcoin success and I don’t welcome a currency that’s useful to kidnappers and extortionists, and so forth. Nor do I like just shoveling out a few extra billions and billions of dollars to somebody who just invented a new financial product out of thin air. So I think I should say modestly that I think the whole damn development is disgusting and contrary to the interests of civilization. And I’ll leave the criticism to others.’

Has anyone advised the multi-billionaire to have fun staying poor yet? 😀     

BTC update:

Comments from Munger from Berkshire's annual shareholder meeting held on Saturday

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