Charlie Munger, billionaire investor and vice chairman of holding conglomerate Berkshire Hathaway, again criticized (), financial markets-focused outlet Markets Insider on May 4.
Munger — who was invited to an event by an unnamed digital currency investment group, but did not attend it — stated that investors “celebrate the life and work of Judas Iscariot.”
Munger thus his negative stance towards . Last February, Munger the leading as “totally asinine,” at the 2018 annual general meeting of the Daily Journal Corporation. He then stated:
“And I think the people who are professional traders that go into , it is just disgusting. It is like somebody else is turds and you decide, ‘I can’t be left out.’”
As Cointelegraph earlier today, Berkshire Hathaway’s chief executive officer and chairman — who is also well-known for his scathing stance toward — again derided for its purported lack of real use value. Buffet likened the coin to a seashell that “just sits there.” “It’s like a seashell or something, and that is not an investment to me,” said.
Last year, Chamath Palihapitiya, a self-professed “disciple” of investors Warren and Charlie Munger, that the two crypto skeptics are wrong about . Regarding Munger, Palihapitiya said, “I think it’s really unfair to not understand something, and then to disparage it.”
is currently at around $5,757, down 0.62% over the past 24 hours, according to . As previously , on May 3, the price of spiked from around $5,300 to over $5,700 in major markets, allowing the crypto market to gain more than $7 billion in a single day.
Published at Tue, 07 May 2019 02:26:31 +0000
