Berkshire Hathaway VP: It’s ‘Disgusting’ People Buy BitcoinFebruary 15, 2018 1:41 pm
In what some consider to be one of his last public forums, Berkshire Hathaway vice chairman Charlie Munger called Bitcoin “totally asinine” Wednesday, Financial Times reported Thursday.
The report says Munger, 94, has become one of Bitcoin’s most outspoken naysayers.
Speaking at the 2018 annual general meeting of the Daily Journal Corporation, Munger was asked to describe the “Bitcoin craze,” the report said, and he bluntly said it should receive a government crackdown.
“I expect the world to do silly things from time to time, because everybody wants easy money,” the report said he told shareholders at the meeting.
“It’s just disgusting that people are taken in by something like this… Our government’s lax approach to it is wrong. The right answer with stuff that bad is to step on it hard.”
Speaking to CNBC afterwards, Munger said “I can say with almost certainty that they will come to a bad ending.”
– WN.com, Jack Durschlag