Berkshire Hathaways Charlie Munger Says Government Should Ban Bitcoin — Calls Crypto Venereal Disease – Featured Bitcoin News - BitcoinEthereumNews.com
Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett‘s right-hand man, wishes crypto would be baned immediately. He says the government made “a huge mistake” to allow cryptocurrencies, like bitcoin. “It’s like a venereal disease,” he opined.n Charlie Munger Says ‘It Was a Huge Mistake’ to Allow Crypto at All Charlie Munger, Warren Buffetts right-hand man and longtime business partner, talked about bitcoin and cryptocurrency Wednesday in an interview with Yahoo Finance ahead of the anual shareholders meeting at the Daily Journal, where he serves as chairman. Munger previously called bitcoin “rat poison” and said last year that he hated the success of the cryptocurrency. He was asked if he is surprised that bitcoin has gotten even more mainstream since then. The Berkshire Hathaway vice chairman replied: “If you stop to think about it, its an ideal currency if you want to commit extortion, or kidnapping, or have a protection racket or something.” He added: “Why should a civilized government want an ideal untraceable technology to come into the payment system run by a bunch of people who want to get rich quick for doing very little for civilization. Of course, I hate it.” Munger elaborated: I don‘t think it’s good that our country is going crazy