Skip to content

Bitcoin is almost as bad as "Trading Baby Brains Harvested," says Berkshire VC Munger

--Advertisements --

Join our community of 10,000 merchants on Hacked.com for only $ 39 a month

The Berkshire Hathaway bitcoin dam shows no signs of slackening.

Just one day after Warren Buffett, CEO and CEO of Berkshire Hathaway, destroyed Bitcoin at the annual meeting of the firm's legendary shareholders in Omaha, Nebraska, Vice President Charlie Munger set off a memorable diatribe

.

Munger's comments on cryptocurrency started quite friendly, but they quickly escalated into a series of gun shots – which is not really surprising given his history on the subject.

"The computer behind Bitcoin is a great triumph of the human spirit," Munger told Yahoo Finance. "They created a product difficult to create, but not impossible. [But] I see an artificial speculative environment," he said. It's "anti-social, stupid and immoral."

-- Advertisements --

Munger, then 94, then compared the cryptocurrency trade to the sale of "freshly harvested small brains," arguing that both would be immoral even if they were profitable.

"Suppose you can make a lot of money by exchanging freshly harvested brains, would you do it?" He asked. "For me, bitcoin is almost as bad."

Munger then targeted the Bitcoin supporters, alleging that it is shameful to promote cryptoassets and reprimand them that they are "under you".

"I consider all together a combination of dementia and immorality, I think that the people who push him are a shame," he concluded. to have things that are below you, that you just do not do, and this is one of them. "

The Berkshire Vice President's comments were perhaps even more inflammatory than those issued by his long-time boss and friend a day before.

As NCC reported, Buffett – a coherent bitcoin bear – told shareholders that cryptocurrency is "poison rat squared" and that the asset class "will arrive at bad ends . "

-- Advertisements --

Munger, reports say, whispered that he loves crypto-currency "even less than Warren does."

Featured image from Shutterstock.

Follow us on Telegram.
Advertising

Advertisements

See also  (+) Update on the Asian Market - Friday: Cryptocurrencies shows moderate gains; Asian shares end in 2017 on a positive note