Charlie Munger Was Disgusted By Cryptocurrency, Deeming It Immoral And Worthless: ‘It’s Like Somebody Else Is Trading Turds And You Decide, I Can’t Be Left Out’
Published by
Benzinga
Benzinga
The late Charlie Munger, esteemed vice chairman of Berkshire Hathaway Inc., had a history of expressing strong opinions against cryptocurrencies, particularly Bitcoin. His views were notable for their intensity and the sharpness with which he delivered them. At Berkshire Hathaway’s 2018 annual meeting, Munger’s criticism of cryptocurrencies was forthright. He referred to the act of trading cryptocurrencies as “disgusting,†likening it to trading in turds, and suggested that it reflected poorly on civilization. He also used strong terms like “dementia†to describe the growing enthusiasm for cry…
