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Bitcoin’s development is “disgusting,” Warren Buffett’s colleague says

Published 05/03/2021, 06:05 PM
Updated 05/03/2021, 06:30 PM
Bitcoin’s development is “disgusting,” Warren Buffett’s colleague says

Hardly does any week go by without a Bitcoin critic lashing out on the leading cryptocurrency. Last week it was Nassim Taleb, the author of “Black Swan,” who claimed that Bitcoin was not a hedge against anything. This time around Charlie Munger, the vice-chair of Warren Buffett’s Berkshire Hathaway (NYSE:BRKa) conglomerate has expressed his disdain for Bitcoin. The billionaire investor said:

I hate the Bitcoin success, and I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth.

Of course I hate the Bitcoin success, and I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth. Nor do I like just shuffling out a few extra billions and billions and billions of dollars to somebody who just invented a new financial product out of thin air […] The whole development is disgusting and contrary to the interest of civilization.

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Latest comments

Byeeeeee
their mourning is a sweet melody for the whole world
the rich get mad when it was -their idea- lol.
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