Vice-Chairman of Berkshire Hathaway Charlie Munger (Charlie Munger) in recent days was noted by a number of extremely critical statements in relation to cryptocurrencies. He said them in an interview with Yahoo Finance.
“Computer science behind bitcoin is a big triumph of the human mind. They created a product to make which is very difficult, although not impossible,” rather conciliatory, began his response to a question about bitcoin Munger.
But then he continued that he sees “the artificial speculative environment,” which is essentially “anti-social, stupid and immoral”.
“Suppose you can make a lot of money trading freshly picked children’s brains. Would you do it? For me bitcoin is almost as bad,” said Munger.
He then lashed out on supporters of the cryptocurrency, accusing them of immorality:
“I regard this as a combination of dementia and immorality. I think that people promoting it are a disgrace. There are some things that should be below you that you simply shouldn’t do — and this is one of them.”
We will remind that earlier at the annual shareholders meeting of Berkshire Hathaway, the head and founder of the Warren Buffett (Warren Buffett) called bitcoin “rat poison in the square.” His longtime associate and “right hand” Munger noted that he is “cryptocurrency like even less than the Warren”. After the transfer of Squawk Box, he said that bitcoin is “useless artificial gold”.