sewage. As a result, investors demand for it is the only price-determining factor, making digital currency a handy tool for charlatans, Buffet said. Warren Buffett reiterated his negative stance towards cryptocurrencies at the annual meeting of his company Saturday, May. Munger went after the popular cryptocurrency at the Berkshire Hathaway annual meeting on Saturday, calling it a "turd adding that trading cryptocurrencies is "just dementia.". In October 2017, Buffet claimed that Bitcoin had entered the bubble territory, and is going to implode. A cryptocurrency conference, Bitcoin Day in Omaha, was coincidently scheduled during the same weekend as the Berkshire Hathaway annual shareholder meeting, but organizers had to cancel after the events location host cited conflict with events on the same day. No money has been made from bitcoin where somebody pays somebody else to own the same thing he said. With Berkshire's 2018 annual meeting in the books, users forex kaupankäynnin tausta can revisit the highlights in cnbc's. Vice President at Berkshire Hathaway, Charlie Munger, was first to lay into Bitcoin.
The interview then moved to Microsoft founder and multi-billionaire Bill Gates. Vice Chairman, charlie Munger went after bitcoin again on Monday, doubling down on remarks he made about the digital currency over the weekend. Squawk Box." "Now that is not something I think the world needs." "The fact that it's clever computer science doesn't mean it should be widely used, and that respectable people should encourage other people to speculate on it he said. Billionaire investor Warren Buffett and Berkshire Hathaway Vice Chairman Charlie Munger are doubling down on slamming bitcoin by comparing the cryptocurrency to rat poison and turds. He supported this by muttering something inaudible about animal spirits. He called it worthless artificial gold before stating that its ability to facilitate illegal activities isnt something desirable for the world. Bitcoin is a more expensive rat poison: Charlie Munger.