• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Nexo Logo

Charlie Munger Says Bitcoin is ‘A Scum-Ball Activity,’ Resorts to Childish Insults

Rick Delafont by Rick Delafont
4 years ago
in Bitcoin, Blockchain, Cryptocurrency Technology
Reading Time: 2 mins read
Advertisement

Charlie Munger, Warren Buffet, and Bill Gates, three staunch anti-Bitcoiner’s, have shocked no one by talking negatively about cryptocurrencies.

Yet in recent discussions on the market, CNBC’s news network neglected to invite anyone who might possibly offer rebuttal to the trio’s lambasting of Bitcoin.

Are These Old Dogs Capable of Learning New Tricks Anyway?

Vice President at Berkshire Hathaway, Charlie Munger, was first to lay into Bitcoin. He called it ‘worthless artificial gold‘ before stating that its ability to facilitate illegal activities isn’t something desirable for the world.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

He went on to reference Oscar Wilde in a curiously nonsensical analogy:

“Bitcoin reminds me of Oscar Wilde’s definition of fox hunting – the pursuit of the uneatable by the unspeakable.”

We’re not exactly sure what makes someone who wants to store their value in an asset that’s untouchable by governments or the value debasing antics of central bankers an ‘unspeakable’ – perhaps Munger simply wanted to show off the fact that he once read Oscar Wilde. Unfortunately, he neglected to elaborate on his reference. He did continue his tirade against Bitcoin proponents by resorting to school yard insults though:

“I think it [Bitcoin] is a scum-ball activity.”

Finally, when queried about his opinion of Goldman Sachs’ decision to launch a trading desk later this year, Munger said that he didn’t expect every investment bank to agree with his own thoughts. He supported this by muttering something inaudible about ‘animal spirits.’

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

The interview then moved to Microsoft founder and multi-billionaire Bill Gates. The presenter asked Gates if he owned any Bitcoin, to which he replied:

“Somebody gave me some for my birthday then a few years later I thought, ‘hey I’m going to sell that,’ so, no.”

In possibly the only positive sentiment of the entire interview, Gates did go on to admit that sharing of databases and verifying transactions using a blockchain was ‘a good thing’. However, when talking about Bitcoin, he generally agreed with Munger about the speculative nature of the asset. He concluded by stating that if there was an easy way to short Bitcoin, he would do it.

The last to speak in the highly one-sided interview was Warren Buffet. The Berkshire Hathaway CEO rounded off the interview succinctly and with typical contempt for proponents of Bitcoin :

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.

“If people react when you criticise their investment, if they get mad, they’re gambling… If they really like what they own, what difference would it make? If I criticise their wife or something, they don’t get all upset about it [laughs].”

Of course, we should hardly be surprised that the likes of Buffet and Munger don’t fully grasp the significance of Bitcoin. Those of a younger generation who are trying to make a life for themselves in a post-financial crash world understand the importance of a non confiscatable asset class that cannot be driven into the ground by banking cartels gambling with people’s futures. A couple of eighty-something year-old billionaires couldn’t be much further removed from the people that Bitcoin could truly hold revolutionary potential for.

Featured image from Shutterstock.
Tags: bitcoin exchangebitcoin investmentbitcoin tradingcryptocurrency investmentcryptocurrency trading
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Related Posts

Bitcoin price

Why Bitcoin At $100K Is Just A “Matter Of Time”, Says Bloomberg Intelligence

6 hours ago
Glassnode: Bitcoin Long-Term Holders Have Shifted To Distribution Recently

Glassnode: Bitcoin Long-Term Holders Have Shifted To Distribution Recently

9 hours ago
bitcoin

Market Sentiment Holds Steady As Bitcoin Aims For $24,000

11 hours ago
Analysts Predicts Bitcoin Will Plunge Shortly But Suggest Buy Bitcoin

Analysts Predicts Bitcoin Will Plunge Shortly But Suggest Buy Bitcoin

2 days ago
Bitcoin Bull

Bitcoin Bullish Signal: Whale Exchange Inflows Remain Down

2 days ago
Bitcoin

Bitcoin Whales Turn Bearish?, What’s In Store For BTC Over The Weekend

3 days ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

The Main Reason Why GNOX (GNOX) Could Flip Dogecoin (DOGE) And Shiba Inu (SHIB) In 2023

August 8, 2022

The Next Bullish Wave in Crypto Could Generate Huge Profits for Uniglo (GLO), Fantom (FTM), and Optimism (OP)

August 8, 2022

The FishVerse Announces the First Ultimate Fishing Metaverse

August 8, 2022

Bware Labs announces the Blast Incentivized Testnet, code-named Houston

August 8, 2022

MEXC to List AURA Network, Supporting NFTs Adoption for More Possibilities

August 8, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.