Charlie Munger has reiterated his view on cryptocurrencies – in the latest edition, he has called them disgusting and contrary to the interests of civilization.
His business partner Warren Buffet has called out free trading platforms like Robinhood by comparing them to gambling.
Warren Buffet and his right-hand man Charlie Munger have in this year’s annual Berkshire Hathaway meeting been warning traders about the recent markets’ frenzy. Munger in particular has been talking about Bitcoin and cryptocurrencies at large. The 97-year-old was critical of the digital asset, going as far as saying he hates its success.
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 shuffling out of extra billions and billions and billions of dollars to somebody who just invented a new financial product out of thin air.
The investor, who is worth $2.1 billion, added:
So, I think I should say modes
