Charlie Munger on bitcoin: ' Of course I hate bitcoin'

#CharlieMunger #BerkshireHathaway #bitcoin
Berkshire Hathaway's Charlie Munger and Warren Buffett describe how they feel about bitcoin.
Watch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube:

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[verbpierce]

Last time I checked, the dollar is used for all of these things?

[garyseeseverything]

Shitcoins don’t let the youth find out they do absolutely nothing!

[melissaraking]

Ransomware is using Bitcoin as payment.

[Daniel-lvvv]

There was a time they hated apple as well.

[stockgorilla]

Here is 4 facts about all cryptocurrencies.

1. Bunch of useless tokens that sit ontop of a blockchain with no real world value or value that's attached to the underlying asset. No shareholder rights, no voting rights and no rights on liquidation

2. Majority of the bnb mining fees are based on the individual investors swaping one useless token for another useless token (meme coins). These companies have no real turn over.

3. Skewed morals of Majority of the investors involved "crypto bros". They talk one min about "decentralised the world bro, help the small people" and at the same time knowingly and actively being involved in a ponzi scheme to rob novice small investors.

4. All defi dapps are based on leveraging/trading one useless token for another useless token, resulting in no real world improvements.

Shaky foundations, never end well.

Some one prove me wrong.

[faizanhaque]

The great Charlie Munger.
I don’t agree but I still respect his wisdom on this

[runfuns]

I don't support any money I cant touch,

[SithLord-qdbs]

Progress is made one death at a time. Rest in peace C.M.

[jackied]

Can we get a debate between Dalio and Munger?

[ariot]

If the rich hate it, it must be good for the middle class and poor. Going to buy some bitcoin if/whenI can afford to.

[Hierosir]

I miss him so much. As someone who made money in Bitcoin after buying some for Diablo II auction house items and then sat with it for years...

It's no good, and will more than likely render most people who touch it completely broke.

[michaelreed]

I will name my boat Rat Poison Squared when Bitcoin Hits 500k

[Metralon]

That is fine Charlie, only invest in what you understand.

[bernardwatkins]

The most used currency for kidnappers and extortionists is the U.S. dollar.. He should do some research.

[wheelhouse]

Any currency is useful it just depends on how much you want people to be controlled, and by the way, the state does control Bitcoin, too

[BlockchainGains]

Richard Heart would destroy these two dinosaurs. Hex destroyed all crypto's in 2020 and again it's leading the pack in 2021

[mike_valueinv]

Simply non-productive asset that is very hard to value as it does not produce any income. A lot of speculative factors in the asset results that the trading in that asset more reminds gambling that investing endeavor.

[Azeteck]

Who is the Guy sitting next to munger?

[ddduva]

Undecided on BC but yes, Bad Guys use dollars too so it seems like Charlie is a very status quo guy. BTW—-if you take Apple out of the mix how has Berkshire actually performed compared to the S&P the last 10-15 years?

[jeffsteyn]

His wife left him for bitcoin. These no coiners are so passionate about fiat they lose all perspective. Not sure why, coz the fiat they hold keeps losing value.