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The first time Munger said “Bitcoin is rat poison” was in 2013 when Bitcoin was trading just above $100 bucks. In 2018, around $9k Munger and Buffet doubled down on the exact same statement. Simply always do the opposite of what they tell you. Done.

The first time Munger said “Bitcoin is rat poison” was in 2013 when Bitcoin was trading just above $100 bucks. In 2018, around $9k Munger and Buffet doubled down on the exact same statement. Simply always do the opposite of what they tell you. Done.



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12 Comments

  1. A whole decade to do an iota of research and change their minds, yet despite the massive growth they are still singing the same old song. So why does so much of the community care what these old men think?

    (Rhetorical question. I don’t care what they think.)

  2. My favorite comment of Munger is that Bitcoin is evil because it undermines the Federal Reserve.

    Why should the Federal Reserve be able to manipulate our savings? How is that not evil? Give me a break!

  3. Just a reminder that these two are the largest shareholders of the history’s most aggressive polluter. If you haven’t realize that these two are ill-intentioned by now, you should probably work on your critical thinking and morality

  4. Some people just don’t get it. Especially people in their generation. No matter how successful they may be.

    Educate those you can but keep in mind: many will not get it.

    Shrug your shoulders and stacks your sats.

  5. It’s perfectly clear that Buffett (and by extension Munger) come around to embracing new and proven technology after initially disparaging it, they are simply going to run out of time on this one. They’re not particularly adept at strategic vision, they’re more so gorilla-style (yes, not guerilla) tacticians.

    The pair lacking vision isn’t newsworthy and can essentially be discounted.

  6. They don’t lack vision or intelligence. They are deliberately disingenuous and trying to fool the public into not trusting Bitcoin.
    Once the general public trusts Bitcoin it is game over for these fraudsters.

  7. Who even listens to these old turds? They got rich off of exploiting the old system of debt based slavery which is now dead, just like they will be in a few short years. They won’t be missed.

  8. tldr; Warren Buffett and Berkshire Hathaway Vice Chairman Charlie Munger compared bitcoin to “rat poison” and “turds” in an interview with FOX Business’ Liz Claman. “I like it when my country steps hard on idiot booms instead of fanning the flame,” Buffett said. “Bitcoin has produced nothing,” he added.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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