{"id":41751,"date":"2021-05-03T11:42:20","date_gmt":"2021-05-03T08:42:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=41751"},"modified":"2025-08-30T20:11:27","modified_gmt":"2025-08-30T17:11:27","slug":"munger-buffett-associate-says-he-hates-bitcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/munger-buffett-associate-says-he-hates-bitcoin\/","title":{"rendered":"Munger, Buffett associate, says he hates Bitcoin"},"content":{"rendered":"<p>The vice chairman of Berkshire Hathaway&#8217;s board, Charlie Munger, said he hates Bitcoin&#8217;s success. At the company&#8217;s annual meeting he also called the first cryptocurrency &#8216;a financial asset invented out of thin air&#8217;.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">\u201cOf course I hate the Bitcoin success,\u201d Charlie Munger says. \u201cI should say modestly that I think whole damn development is disgusting and contrary to the interests of civilization, and I\u2019ll leave the criticism to others.\u201d<\/p>\n<p>\u201cI\u2019m okay on that one,\u201d Warren Buffett adds. <a href=\\\"https:\/\/twitter.com\/hashtag\/YFBuffett?src=hash&#038;ref_src=twsrc%5Etfw\\\">#YFBuffett<\/a> <a href=\\\"https:\/\/t.co\/vfmEBCt4M4\\\">pic.twitter.com\/vfmEBCt4M4<\/a><\/p>\n<p>\u2014 Yahoo Finance (@YahooFinance) <a href=\\\"https:\/\/twitter.com\/YahooFinance\/status\/1388586650150838272?ref_src=twsrc%5Etfw\\\">May 1, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cI consider all this damned development to be disgusting and contrary to the interests of civilization,\u201d Munger said.<\/p>\n<\/blockquote>\n<p>He also added that he believes the currency is useful for thieves and extortionists.<\/p>\n<p>Warren Buffett refrained from criticizing Bitcoin due to hundreds of thousands of viewers owning digital gold.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\u201cWe have a choice: make 400,000 people unhappy and angry at us or make two people happy. It\u2019s just a stupid equation,\u201d<\/em> the billionaire said.<\/p>\n<\/blockquote>\n<p>Earlier, Tron Foundation CEO Justin Sun paid a record $4.5 million for a charity dinner with Buffett in 2020, where he gifted him 1 BTC. Soon the legendary investor again stated the uselessness of cryptocurrencies, but assessed the meeting positively.<\/p>\n<p>In 2018 Munger called Bitcoin \u00aba poisonous poison\u00bb and urged governments to \u00abcrush it\u00bb through regulation.<\/p>\n<p>In 2019, the 95-year-old top executive compared cryptocurrency investors to <a href=\"https:\/\/forklog.com\/en\/news\/charlie-munger-criticizes-cryptocurrency-investors-as-followers-of-judas\">followers of Judas<\/a>.<\/p>\n<p>In late February 2021, Munger stated that Berkshire Hathaway <a href=\"https:\/\/forklog.com\/en\/news\/berkshire-hathaway-rules-out-investing-in-bitcoin\">does not plan to buy digital gold<\/a> due to the asset&#8217;s high volatility.<\/p>\n<p>Read ForkLog Bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The vice chairman of Berkshire Hathaway&#8217;s board, Charlie Munger, said he hates Bitcoin&#8217;s success. At the company&#8217;s annual meeting he also called the first cryptocurrency &#8216;a financial asset invented out of thin air&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":41752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1139,1138,27,1542],"class_list":["post-41751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-charlie-munger","tag-opinions","tag-russia","tag-warren-buffett"],"aioseo_notices":[],"amp_enabled":true,"views":"36","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=41751"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41751\/revisions"}],"predecessor-version":[{"id":41753,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41751\/revisions\/41753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/41752"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=41751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=41751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=41751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}