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.”
Charlie Munger on bitcoin today:
“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.
Give me a break.
pic.twitter.com/MjbbL0kawP
— Pomp (@APompliano) May 1, 2021
“Disgusting and contrary to the interests of civilization”
According to CNBC’s report published
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