Berkshire’s Munger Rails at Cryptocurrencies as ‘Beneath Contempt’

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The Street

By Dan Weil Cryptocurrencies are popular because they can be used for kidnapping, extortion and tax evasion, Charlie Munger said. Charlie Munger, vice chairman of Warren Buffett’s Berkshire Hathaway, has made clear his disdain for cryptocurrencies over the past few years, calling bitcoin “rat poison” at one point. He repeated his crypto opposition in comments at the Daily Journal’s annual shareholder meeting Wednesday, Markets Insider reports. Munger is chairman of the newspaper company. “I’m proud of the fact I’ve avoided it,” he said, referring to cryptocurrencies. “It’s like some venereal d…

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