97-year-old American billionaire investor Charlie Munger hates Bitcoin (BTC) and wants everyone to know this hate.
Munger spoke yesterday at the annual shareholders’ meeting of Berkshire Hathaway, who is holg as 90-year-old Warren Buffett’s lifetime partner.
“Sure, I hate the success of Bitcoin,” said Munger, who served as vice president of Berkshire Hathaway. I do not welcome a currency useful for criminals, ”he said:
I also do not welcome the extra billions of dollars in someone who invented a new financial product from the air.
So, I say with all my humility, I think this whole development is disgusting and contrary to the interests of civilization.
Bitcoin community angry
Munger’s attacks on Bitcoin angered the cryptocurrency community on Twitter. In the midst of a “taunting” attack, Munger was hit in many ways, from supposedly laundering millions of dollars to his cola drinking habits.
But Buffett, who previously called Bitcoin “worse than rat poison,” chose not to join Munger’s anti-Bitcoin tyrant. Buffett said:
I will admit this question because there are probably hundreds of thousands of people watching, who are probably Bitcoin investors, and there are probably only two ‘short positions’ in BTC.
Buffett didn’t want to offend anyone’s enthusiasm:
So we have the option of making 400,000 people angry at ourselves or mudollaring two people – and that’s a stupid equation.
As we previously reported as , Buffett first received his first Bitcoin from Justin Sun at a charity dinner in February 2020. Sun had paid $ 4.6 million for this. But one who doesn’t like coins once may not be able to love them again. Buffett’s ownership of BTC doesn’t seem to have changed his mind.