Loading ...Charlie Munger, the late vice chairman of Berkshire Hathaway and longtime partner of Warren Buffett, was famously outspoken in his criticism of cryptocurrencies, particularly Bitcoin. He viewed them as worthless, dangerous, and harmful to society, often using colorful language to express his disdain. Here are some of his most notable quotes on the topic:
“I think it’s rat poison.” (2013, when Bitcoin was around $150; later updated to “more expensive rat poison” as the price rose.)
“Bitcoin is worthless, artificial gold.”
“In my life, I try to avoid things that are stupid and evil and make me look bad in comparison to somebody else – and Bitcoin does all three.”
“It’s stupid because it’s very likely to go to zero; it’s evil because it undermines the Federal Reserve system… and third, it makes us look foolish compared to the Communist leader in China.”
“Of course I hate the Bitcoin success. I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth.”
“The whole damn development is disgusting and contrary to the interests of civilization.”
“It’s like somebody else is trading turds and you decide, I can’t be left out.”
“Sometimes I call it crypto ‘crappo,’ sometimes I call it ‘crypto shit.’ It’s just ridiculous that anybody would buy this stuff. It’s totally absolutely crazy, stupid gambling.”
“I’m proud of the fact that I avoided it. It’s like some venereal disease.”
“I am not proud of my country for allowing this crap – well, I call it crypto shit. It’s worthless, it’s crazy, it’s not good, it’ll do nothing but harm, it’s antisocial to allow it.”