During a two-hour session at the Daily Journal shareholder meeting, the vice chairperson of Berkshire Hathaway and longtime Deputy to Warren Buffett said he considers the current bitcoin craze to be “totally asinine.”
CRYPTOCURRENCIES should be “destroyed” by the US Government, “I never considered for one second having anything to do with it. I detested it the moment it was raised. It’s just disgusting. Bitcoin is noxious poison.” Says Munger to answer a question from an eager listener.
Bitcoin and other such cryptocurrencies as Ripple and Ethereum, has become increasingly popular over recent year. The cryptocurrency has also seen its value soar as it rose by a more than 1,500 percent in 2017 to just under $15,000. While it has since seen its value drop to just under $7,000 after dramatic price bitcoin has started recovering amid Chinese New Year.
While this statement of Charlie Munger attracts outrage over twitter-
Charlie Munger just said regulators should “ease up” on Wells Fargo after they admitted to fraud & corruption.
He then said “Bitcoin is noxious poison” & “totally asinine.”
This is the nonsense driving so many intelligent technologists to build a future free from corruption.
— Pomp 🌪 (@APompliano) February 14, 2018