Warren Buffett’s Deputy Calls Bitcoin ‘Disgusting’ And Bad For Civilization

Warren Buffett’s Deputy Calls Bitcoin ‘Disgusting’ And Bad For Civilization

Share to Linkedin Berkshire Hathaway Vice Chairman Charlie Munger railed against bitcoin in Berkshire's annual meeting Saturday, calling the cryptocurrency — which Munger and longtime partner Warren Buffett have excoriated for years — "disgusting and contrary to the interests of civilization." Berkshire Hathaway CEO Warren Buffett and vice chairman Charlie Munger attend an annual shareholders ... [+] meeting in Omaha, Nebraska on May 3, 2019. During a live question-and-answer session Saturday, an investor challenged Buffett and Munger on their well-documented skepticism of cryptocurrency, especially bitcoin, whose price has surged more than sixfold over the last year. Buffett dodged the question, joking that he'll anger bitcoin owners if he criticizes it. Munger was less diplomatic: He said he hates bitcoin's recent gains, arguing the currency was "created out of thin air" and is a go-to payment method for criminals. "I don't welcome a currency that's so useful to kidnappers and extortionists," Munger said. "I think the whole damn development is disgusting and contrary to the interests of civilization." "I'm gonna dodge that question," Buffett said. "We've probably got hundreds of thousands of people watching this that own bitcoin, and we've probably got two people who are short. So we have a