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"We Will Not Be Following Tesla Into Bitcoin," Said Charlie Munger
Summary: Charlie Munger once again slammed Bitcoin. The business magnate, vice chairman for Berkshire Hathaway Corporation questioned Bitcoin at the Daily Journal annual meeting on Wednesday. He Said: "I don’t think Bitcoin is going to end up the medium of exchange for the world. It’s too volatile...to serve well as a medium of exchange." In response to a ...
Charlie Munger once again slammed Bitcoin.
The business magnate, vice chairman for Berkshire Hathaway Corporation questioned Bitcoin at the Daily Journal annual meeting on Wednesday. He Said: "I don’t think Bitcoin is going to end up the medium of exchange for the world. It’s too volatile...to serve well as a medium of exchange."
In response to a question about new technology stock Tesla and its Bitcoin investment. Munger replied: "I can't decide the order of precedence between a flea and a louse. I don't know which is worse." He emphasized: "We will not be following Tesla into Bitcoin."
Munger dislikes cryptocurrency since 2018, he once describes Bitcoin as "turds".
By Mary Liu
Tags: Bitcoin,Charlie Munger,Tesla
Link: "We Will Not Be Following Tesla Into Bitcoin," Said Charlie Munger [Copy]
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