Charlie Munger: Bitcoin is Worthless Rat Poison

Charlie Munger gives his two cents about his thoughts on bitcoin not being a productive asset but rather a speculative one.

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[MrMandaihill]

Could listen to this old man
all day....😂

[alltogethernow]

I think "freshly harvested baby brains" are definitely worse than cryptocurrencies lol

[kimgysen]

Lmfao! The guy so honestly speaks his mind X'D

[hifiandrew]

As FTX implodes he sits smugly-- told you so.

[grahamrogers]

The commentators here quoting the bitcoin price does not disprove what is being said here. It does not matter how high it goes. It is simply evil in the way it works.

[ravenoushydra]

I mean despite it all he's still right. Whether the price is 1 dollar or 1 million, it doesn't change that it's just a worthless token that has no real purpose, people only want to speculate on it.

[RADIUMGLASS]

It's not an investment for the longterm and only beneficial to the person who buys and sells it at the right time.

[KimoKapaku]

ask El Salvador how it has no social value. "If you have wechat..." bc we don't want govt monitoring us. So please tell me what the dollar is worth?

[smellyhobocrap]

Ah yes. Charlie munger, the spokesman of morality.

[Ozymandias]

Bitcoin's failure is as assured as Charlie Munger reaching 100.

[HoldenMuhKnutz]

“Freshly harvested baby brains”?? Out of all things he’s says that. He must have experience.

[sepulvev]

Siince 1972, the USD has dropped 86 percent in value. Economists project another 15 percent drop within 2 years. That’s 50 years of devaluation. Bitcoin has been around since 2008.

Can anyone tell me what caused the Dollar to become worthless?

Meanwhile Bitcoin, Crypto continues to mint new millionaires.

Got it.

[Michael-ghys]

Fed also crates money by pressing a button.

[Whale]

Charlie along with half the comments have no idea what they're talking about. Its sad to see people opinioned about things they don't understand. Its the reason he and Buffet missed Bezos back in 1999 and made fun of him for not using physical stores.

[returntosendermirror]

Its funny how people judge things with out realizing the fact fist.

[goldencatpat]

Just here for new ATH $20K love u charlie

[jordanhead]

Who’s here after Bitcoin surpassed Warren Buffet’s Berkshire Hathaway’s market cap?

[markgergen]

"Btc is not having any desirable social purposes". Bitcoin is a sovereign, decentralized, secure, and scarce digital money that is not controlled by any central authority, government, or bank. Bitcoin represents FREEDOM, i would consider that a very desirable social circumstance for the majority of people on this planet, especially the billions of people who live in poverty and lack banking services. I find it comical that the majority of this mans investments resides in banks like Wells Fargo or Bank of America. Of course he would consider bitcoin rat poison because it potentially undermines fiat currency and the billions of dollars this man holds in wealth.

[Jason]

Billionaires are full of financial wisdom 🙃😀

[LikedgamingRS]

Pro tip: Watch on 2x speed and he seems like a normal person