Charlie Munger despises Bitcoin but acknowledges the cryptocurrency's success

in hive-116221 •  4 years ago 

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Bitcoin has seen a phenomenal run this year and is now up by nearly 100% year-to-date. Vice-Chairman of Berkshire Hathaway Charlie Munger said he hates the bellwether cryptocurrency's success. 

A financial product invented out of thin air

During the Berkshire Hathaway Annual Shareholders Meeting streamed live on May 1, 97-year-old Munger recently publicly opined that Bitcoin is "disgusting and contrary to the interests of civilization." 


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