94-YEAR-OLD BERKSHIRE HATHAWAY VP: ITS DISGUSTING PEOPLE BUY BITCOIN

Charlie Munger, the 94-year-old Vice Chairman of Berkshire Hathaway, hasn't minced words about his disdain for Bitcoin. Stando a quanto riportato gioved 15 febbraio dal Financial Times, nella giornata di ieri Charlie Munger, vicepresidente di Berkshire Hathaway, ha descritto il Bitcoin come totalmente idiota . Durante il suo discorso all'incontro annuale della Daily Journal Corporation, Munger, uomo di 94 anni, si rivelato essere uno dei pi schiettiIn what many speculate might be one of his final public addresses, Munger delivered a scathing critique, labeling Bitcoin ""totally asinine"" and expressing disgust that people are investing in it. Bitcoin News Feed writes: 94-Year-Old Berkshire Hathaway VP: It s Disgusting People Buy Bitcoin Step on it hard, Berkshire Hathaway s Munger tells US government. NEWSThis recent outburst, reported by the Financial Times, is just the latest in a long line of criticisms from the legendary investor. Berkshire Hathaway vice chairman Charlie Munger described Bitcoin as totally asinine Wednesday in what some consider will be one of his last public forums, Financial Times reports ThursdayHe isn’t alone in his skepticism; even Warren Buffett, the CEO of Berkshire Hathaway, has voiced concerns regarding cryptocurrencies, despite the company's investment in Nubank, a crypto-friendly financial institution. Speaking at the 2025 annual general meeting of the Daily Journal Corporation, Munger, who is 94, outed himself as one of Bitcoin s most outspoken naysayers. Asked about what he described as the Bitcoin craze, Munger s response was that it should receive a government crackdown.Munger's comments raise important questions about the perceived value of Bitcoin, its future prospects, and the broader implications for the cryptocurrency market.Is this simply an aging investor out of touch with modern finance, or does his perspective offer valuable insights that should be heeded?This article delves into Munger's criticisms, explores the counterarguments, and analyzes the current state of Bitcoin in the ever-evolving financial landscape.Let's unpack this controversial statement and understand the rationale behind such strong opposition to the world's leading cryptocurrency.

Charlie Munger's Vehement Opposition to Bitcoin

Munger's stance on Bitcoin is no secret. 94-Year-Old Berkshire Hathaway VP: It s Disgusting People Buy Bitcoin Aging Berkshire Hathaway vice president Charlie Munger outdid CEO Warren Buffett in slamming Bitcoin this week. Berkshire Hathaway vice chairman Charlie Munger described Bitcoin as totally asinine Wednesday in what some consider will be one of his last publicOver the years, he's consistently expressed his disapproval, often using colorful and memorable language to convey his sentiments. See full list on forbes.comHis recent description of Bitcoin as ""totally asinine"" is just the tip of the iceberg.He has repeatedly warned against investing in cryptocurrencies, viewing them as speculative bubbles with no intrinsic value.He feels very strongly that Bitcoin is essentially gambling and should be avoided.

A History of Criticism

It's crucial to understand the context of Munger's recent statements.This isn't a new position for him; it's a consistent viewpoint he's held for many years.He's compared Bitcoin to a gambling contract and has even suggested that it should be banned outright. 27 votes, 24 comments. 5.8M subscribers in the Bitcoin community. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralizedHe has never been shy about sharing his concerns and skepticism.For Munger, Bitcoin represents a dangerous form of speculation that preys on people's desire for quick riches.

• He sees it as a speculative mania.
• He believes it has no intrinsic value.
• He fears its potential for harming investors.

Munger's perspective is rooted in his value investing principles. Despite his company's investment in Nubank, 94-year-old Buffett, who is one of the richest man in the world, has previously raised concerns about cryptocurrencies.He believes in investing in businesses with strong fundamentals, predictable cash flows, and durable competitive advantages. Aging Berkshire Hathaway vice president Charlie Munger outdid CEO Warren Buffett in slamming Bitcoin this week. 94-Year-Old Berkshire Hathaway VP: It sBitcoin, in his view, possesses none of these characteristics.This fundamental disconnect explains his unwavering opposition.

Warren Buffett's Cautious Stance on Crypto

While not as overtly critical as Munger, Warren Buffett shares similar reservations about cryptocurrencies. 摘要: Aging Berkshire Hathaway vice president Charlie Munger outdid CEO Warren Buffett in slamming Bitcoin this week. Berkshire Hathaway vice chairman Charlie Munger described Bitcoin as ldquo;totally asinine rdquo; Wednesday in what some consider will be one of his last public forums, Financial Times reports Thursday, Feb. 15.Speaking at the 2025 annual general meeting of the Daily JournalWhile Berkshire Hathaway invested in Nubank, Buffett has always cautioned against investing in what he doesn't fully understand.He has generally stayed away from technological investments and prefers businesses with proven track records and understandable business models. On being asked why he hasn t reached out to the Berkshire Hathaway Inc. (NYSE:BRK) CEO yet, Saylor emphasized that people need to feel the necessity to understand Bitcoin and be open to aBuffett's more nuanced view is centered around questioning the long-term viability and practical application of cryptocurrencies.

Nubank Investment: A Contradiction?

Berkshire Hathaway's investment in Nubank, a Brazilian fintech company that offers crypto trading services, might seem contradictory given Buffett's skepticism.However, it's important to note that Berkshire's investment is in the *company* Nubank, not directly in cryptocurrencies.Nubank's crypto offerings are just one part of its broader financial services platform.This investment reflects a belief in Nubank's overall business model and growth potential, rather than an endorsement of cryptocurrencies themselves.

Buffett's concerns generally revolve around:

1. The lack of intrinsic value in most cryptocurrencies.
2. The regulatory uncertainty surrounding the crypto market.
3. The potential for fraud and manipulation.

While Buffett might not explicitly call Bitcoin ""disgusting,"" his underlying concerns align with Munger's.Both investors prioritize understanding and predictability, qualities they find lacking in the world of crypto.

The Counter-Argument: Why People Buy Bitcoin

Despite the criticisms from prominent figures like Munger and Buffett, Bitcoin continues to attract significant interest and investment. News English 94-Year-Old Berkshire Hathaway VP: 94-Year-Old Berkshire Hathaway VP: It s Disgusting People Buy Bitcoin. 20 . News.Millions of people around the world have embraced Bitcoin, driven by a variety of factors. quot;94-Year-Old Berkshire Hathaway VP: It s Disgusting People Buy Bitcoin quot; I always try my best not talk negative things about Mr. Buffet and his team. But comeUnderstanding these reasons is crucial to a balanced perspective.

Decentralization and Financial Freedom

One of the primary appeals of Bitcoin is its decentralized nature.Unlike traditional currencies controlled by central banks and governments, Bitcoin operates on a peer-to-peer network, free from censorship and control. 94-Year-Old Berkshire Hathaway VP: It s Disgusting People Buy Bitcoin Berkshire Hathaway vice chairman Charlie Munger described Bitcoin as totally asinine Wednesday in what some consider will beThis decentralization offers individuals greater financial freedom and autonomy, particularly in countries with unstable economies or repressive regimes.Bitcoin allows individuals to transact directly with each other, without intermediaries or the need for government approval.

Here are some key benefits of decentralization:

• Reduced reliance on traditional financial institutions.
• Greater control over one's own assets.
• Protection against inflation and government overreach.

Inflation Hedge and Store of Value

With its limited supply of 21 million coins, Bitcoin is often touted as a hedge against inflation.The argument is that as governments print more money, devaluing fiat currencies, Bitcoin's scarcity will drive up its value, preserving purchasing power.While this theory has been debated, some investors see Bitcoin as a long-term store of value, similar to gold.

Technological Innovation and Future Potential

Beyond its monetary properties, Bitcoin represents a groundbreaking technological innovation.The underlying blockchain technology has the potential to revolutionize various industries, from finance and supply chain management to healthcare and voting systems.Bitcoin is often seen as a pioneer in the world of decentralized technologies, paving the way for new and innovative applications.Many see it as the future of currency and transactions.

Addressing the Concerns: Is Bitcoin Really ""Asinine""?

Munger's harsh criticism raises legitimate concerns that deserve careful consideration.While Bitcoin proponents often focus on its potential benefits, it's important to acknowledge the risks and challenges associated with investing in cryptocurrencies.

Volatility and Speculation

One of the biggest criticisms of Bitcoin is its extreme volatility.The price of Bitcoin can fluctuate dramatically in short periods, making it a risky investment for those with a low-risk tolerance.Much of the price movement is driven by speculation and market sentiment, rather than fundamental value.This volatility makes it difficult to use Bitcoin as a stable medium of exchange or store of value.

Regulatory Uncertainty and Security Risks

The regulatory landscape for cryptocurrencies is still evolving.Governments around the world are grappling with how to regulate Bitcoin and other digital assets, leading to uncertainty and potential risks for investors.Additionally, the Bitcoin network is vulnerable to security breaches and hacks, which could result in the loss of funds.The decentralized nature of Bitcoin also makes it difficult to recover stolen funds or resolve disputes.

Environmental Concerns

The energy consumption of the Bitcoin network is another major concern.Bitcoin mining, the process of verifying transactions and adding new blocks to the blockchain, requires significant computing power, which consumes vast amounts of electricity.This has led to criticism about Bitcoin's environmental impact, particularly if the electricity is generated from fossil fuels.

The Future of Bitcoin: A Balancing Act

The future of Bitcoin remains uncertain.While it has the potential to revolutionize the financial system, it also faces significant challenges and risks.Whether Bitcoin will ultimately succeed as a mainstream currency or remain a niche asset depends on several factors, including technological advancements, regulatory developments, and public adoption.

Technological Advancements and Scalability

Ongoing efforts to improve Bitcoin's scalability and efficiency are crucial for its long-term success.Solutions like the Lightning Network aim to enable faster and cheaper transactions, making Bitcoin more practical for everyday use.As technology improves, Bitcoin may become a more viable option for both retail and institutional investors.

Regulatory Clarity and Institutional Adoption

Clear and consistent regulations are essential for fostering trust and attracting institutional investment in Bitcoin.As governments provide more guidance on the treatment of cryptocurrencies, institutional investors are more likely to enter the market, providing greater liquidity and stability.Regulatory clarity will also help to curb illicit activities and protect consumers.

Public Perception and Education

Public perception plays a crucial role in the adoption of Bitcoin.Educating people about the benefits and risks of Bitcoin is essential for fostering informed decision-making.As more people understand the underlying technology and its potential applications, Bitcoin may gain wider acceptance as a legitimate form of currency and investment.

Practical Implications: Should You Invest in Bitcoin?

Ultimately, the decision of whether or not to invest in Bitcoin is a personal one.There's no one-size-fits-all answer.It's crucial to weigh the potential risks and rewards, consider your own financial situation, and do your own research before making any investment decisions.

Do Your Research

Before investing in Bitcoin, it's essential to understand the underlying technology, the market dynamics, and the potential risks.Read reputable sources, follow industry experts, and conduct thorough due diligence.Don't rely solely on the opinions of others, especially those with a vested interest in the success of Bitcoin.

Assess Your Risk Tolerance

Bitcoin is a highly volatile asset.Be prepared for significant price swings and potential losses.Only invest what you can afford to lose without impacting your financial well-being.If you have a low-risk tolerance, Bitcoin may not be a suitable investment for you.

Diversify Your Portfolio

Don't put all your eggs in one basket.Diversify your investment portfolio across different asset classes to reduce your overall risk.Bitcoin should only be a small portion of your overall investment strategy, not the entirety of it.

Consider the Long Term

Bitcoin is a long-term investment.Don't expect to get rich overnight.Be prepared to hold your investment for several years to potentially realize significant returns.Avoid making impulsive decisions based on short-term price movements.

Conclusion: Respecting Divergent Opinions on Bitcoin

Charlie Munger's strong condemnation of Bitcoin as ""disgusting"" highlights the deep divisions that exist regarding the cryptocurrency.While his concerns about speculation, volatility, and lack of intrinsic value are valid and warrant careful consideration, they shouldn't be the sole determining factor in your investment decisions.Bitcoin offers potential benefits such as decentralization, financial freedom, and acting as a hedge against inflation that attract many investors.Ultimately, whether you agree with Munger's assessment or believe in Bitcoin's potential, it's essential to approach the topic with an open mind, conduct thorough research, and make informed decisions based on your own individual circumstances.Understanding both the criticisms and the counterarguments is crucial for navigating the complex world of cryptocurrencies.The key takeaways are: Invest responsibly, be aware of risks, and don't let anyone's opinion sway you without proper research.