12-04-2021, 05:36 AM
Charlie Munger says he wishes cryptocurrencies had ‘never been invented’ and adm
<!-- SC_OFF --><div class="md"><p>This isn’t a new stance for the 97-year-old vice chairman of Berkshire Hathaway. In May, during a Q&A session at Berkshire’s annual shareholder meeting, Munger said that <a href="https://www.cnbc.com/2021/05/01/charlie-munger-calls-bitcoin-disgusting-and-contrary-to-the-interests-of-civilization.html">his dislike for bitcoin increased</a> amid the Covid-19 pandemic.</p> <p>“Of course <a href="https://www.cnbc.com/2021/05/01/charlie-munger-calls-bitcoin-disgusting-and-contrary-to-the-interests-of-civilization.html">I hate the bitcoin success</a>,” he said. “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air.”</p> <p>“I think I should say modestly that the whole damn development is disgusting and contrary to the interests of civilization,” Munger added.<br/> <a href="https://www.cnbc.com/2021/12/03/charlie-munger-wishes-cryptocurrency-didnt-exist-admires-chinas-ban.html">https://www.cnbc.com/2021/12/03/charlie-munger-wishes-cryptocurrency-didnt-exist-admires-chinas-ban.html</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/gulasch_man"> /u/gulasch_man </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r871py/charlie_munger_says_he_wishes_cryptocurrencies/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r871py/charlie_munger_says_he_wishes_cryptocurrencies/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>This isn’t a new stance for the 97-year-old vice chairman of Berkshire Hathaway. In May, during a Q&A session at Berkshire’s annual shareholder meeting, Munger said that <a href="https://www.cnbc.com/2021/05/01/charlie-munger-calls-bitcoin-disgusting-and-contrary-to-the-interests-of-civilization.html">his dislike for bitcoin increased</a> amid the Covid-19 pandemic.</p> <p>“Of course <a href="https://www.cnbc.com/2021/05/01/charlie-munger-calls-bitcoin-disgusting-and-contrary-to-the-interests-of-civilization.html">I hate the bitcoin success</a>,” he said. “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air.”</p> <p>“I think I should say modestly that the whole damn development is disgusting and contrary to the interests of civilization,” Munger added.<br/> <a href="https://www.cnbc.com/2021/12/03/charlie-munger-wishes-cryptocurrency-didnt-exist-admires-chinas-ban.html">https://www.cnbc.com/2021/12/03/charlie-munger-wishes-cryptocurrency-didnt-exist-admires-chinas-ban.html</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/gulasch_man"> /u/gulasch_man </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r871py/charlie_munger_says_he_wishes_cryptocurrencies/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r871py/charlie_munger_says_he_wishes_cryptocurrencies/">[comments]</a></span>Kind Regards R