Charlie Munger Slams Bitcoin as “The Stupidest Thing Ever” in a New Interview
Charlie Munger, the vice chairman of Berkshire Hathaway and a longtime partner of Warren Buffett, has once again expressed his disdain for Bitcoin and other cryptocurrencies. In a recent interview with CNBC, Munger said that he thinks Bitcoin is “the stupidest thing ever” and that he would never buy or hold any.
Munger’s comments echo his previous statements on Bitcoin, which he has called “rat poison squared”, “worthless artificial gold”, and “contrary to the interests of civilization”. He has also criticized the people who invest in Bitcoin, saying that they are “trading turds” and “celebrating the life and work of Judas Iscariot”.
Munger’s negative views on Bitcoin are shared by his longtime friend and colleague Warren Buffett, who has also avoided investing in cryptocurrencies. Buffett has said that Bitcoin is “probably rat poison squared” and that he does not consider it to be an asset or a currency. He has also warned investors to stay away from the “mirage” of Bitcoin.
However, not everyone in Berkshire Hathaway shares Munger’s and Buffett’s opinions on Bitcoin. Greg Abel, the vice chairman of non-insurance operations and a potential successor to Buffett, has said that he is more open-minded about cryptocurrencies and that he does not want to rule out anything that could benefit the company.
