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13 May 2021

Warren Buffett’s ‘right-hand man’ says Bitcoin is “disgusting” | CryptoSlate

Warren Buffett’s ‘right-hand man’ says Bitcoin is “disgusting” | CryptoSlate


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Charlie Munger, vice chairman of American holding company Berkshire Hathaway, lambasted Bitcoin during the firm’s annual shareholder meeting yesterday, calling it a “disgusting” financial product that was invented “out of thin air.”.

“Of course I hate the Bitcoin success,” said during a Q&A session, adding, “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air.”.

“I should say modestly that I think whole damn development is disgusting and contrary to the interests of civilization.” He owns banks that launder billions per year & have been charged criminally.

“I think I should say modestly that the whole damn development is disgusting and contrary to the interests of civilization,” he said.

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Why Fiat Experts Don’t Get Bitcoin
published: 1 hour ago
There are various reasons traditional experts do not understand bitcoin and thus have negative views on it.

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