Berkshire Hathaway still bites bitcoin.
Berkshire Hathaway Chairman and CEO Warren Buffett "shame" Bitcoin at the annual shareholder meeting, and one day later, the company's vice president, Charlie Munger, also published An unforgettable view.
In the beginning, Munger's comments on the cryptocurrency were fairly friendly, but then it quickly escalated into a "burst bombing" - which is not surprising, after all, this is not the first time he denied bitcoin.
The computer science behind Bitcoin represents a great victory for human thinking, which makes it impossible. But I still saw an artificial speculative medium. This is antisocial, stupid and immoral.
The 94-year-old investor also likes to compare cryptocurrency transactions to "fresh baby brains," thinking that both are unethical, albeit profitable.
Assuming that trading a fresh baby brain can make you make a lot of money, would you do that? Bitcoin is almost as bad for me.
In the end, Munger pointed the finger at Bitcoin supporters. He said that it is shameful to advertise encrypted assets and lose identity.
I think this whole thing is stupid and immoral. Propaganda (cryptocurrency) is a shame. Some things don't match your identity. You shouldn't touch them. Encrypted currency is one of them.
The comments made by Munger seem to be more extreme than his partner Buffett.
For a long time, Buffett is not optimistic about Bitcoin. He compared Bitcoin to "rat medicine" at the shareholders meeting and thought it would have a bad ending.
Munger said that he does not like cryptocurrency more than Buffett.
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