How has Charlie Munger commented on the impact of Bitcoin?

7 answers

• infinityJun 20, 2022 · 3 years ago
  Charlie Munger, the renowned investor and vice chairman of Berkshire Hathaway, has been quite vocal about his skepticism towards Bitcoin. He has referred to Bitcoin as 'rat poison squared' and 'turds' in the past. Munger believes that Bitcoin has no intrinsic value and is highly speculative. He argues that the decentralized nature of Bitcoin makes it susceptible to fraud and illicit activities. Overall, Munger is not optimistic about the future of Bitcoin and advises investors to stay away from it.
  503

  252
• starskyerJun 18, 2020 · 5 years ago
  When it comes to Bitcoin, Charlie Munger doesn't hold back his criticism. He has repeatedly expressed his concerns about the cryptocurrency, calling it a 'noxious poison' and a 'disgusting bubble.' Munger believes that Bitcoin's volatility and lack of regulation make it a risky investment. He argues that Bitcoin has no real value and is primarily used for illegal activities. According to Munger, investing in Bitcoin is akin to gambling, and he advises people to stay away from it.
  484

  162
• Bredahl LaustenJul 14, 2023 · 2 years ago
  Charlie Munger, the vice chairman of Berkshire Hathaway, has been quite vocal about his negative views on Bitcoin. He has criticized Bitcoin for its speculative nature and lack of intrinsic value. Munger believes that Bitcoin is a bubble waiting to burst and warns investors to be cautious. However, it's important to note that opinions on Bitcoin vary, and not everyone shares Munger's skepticism. Some see Bitcoin as a revolutionary technology with the potential to disrupt traditional financial systems.
  506

  127
• KgodxAug 04, 2021 · 4 years ago
  As a leading figure in the investment world, Charlie Munger has been openly critical of Bitcoin. He has referred to it as 'worthless artificial gold' and 'totally asinine.' Munger believes that Bitcoin's decentralized nature and lack of regulation make it a breeding ground for illegal activities. He argues that Bitcoin's value is purely speculative and not based on any tangible assets. Despite the growing popularity of Bitcoin, Munger remains skeptical and advises investors to steer clear of it.
  500

  100
• Burch MadsenNov 12, 2024 · 10 months ago
  Charlie Munger, the vice chairman of Berkshire Hathaway, has a strong disdain for Bitcoin. He has called it 'disgusting' and 'contrary to the interests of civilization.' Munger believes that Bitcoin is a speculative mania and a tool for money laundering. He argues that the government should step in and regulate Bitcoin to protect investors. While Munger's views on Bitcoin are quite negative, it's important to consider multiple perspectives when forming an opinion on this digital currency.
  493

  83
• Alan HeckmanApr 23, 2024 · a year ago
  Charlie Munger, the vice chairman of Berkshire Hathaway, has been highly critical of Bitcoin. He has referred to it as 'dementia' and 'stupid.' Munger believes that Bitcoin is a speculative bubble that will eventually burst. He argues that Bitcoin's lack of regulation and potential for fraud make it a dangerous investment. Munger advises investors to stay away from Bitcoin and focus on more traditional investment opportunities.
  431

  62
• Alan HeckmanAug 30, 2022 · 3 years ago
  As a prominent investor, Charlie Munger has expressed his skepticism towards Bitcoin. He has referred to it as 'disgusting' and 'contrary to the interests of civilization.' Munger believes that Bitcoin is a speculative bubble that will eventually collapse. He argues that Bitcoin's lack of regulation and potential for criminal activities make it a risky investment. Munger advises investors to be cautious and avoid getting caught up in the hype surrounding Bitcoin.
  467

  59