What are Warren Buffett and Charlie Munger's current views on Bitcoin?

3 answers

• Dec 27, 2021 · 3 years ago
  Warren Buffett and Charlie Munger have been vocal critics of Bitcoin. They believe that it is a speculative asset with no intrinsic value. Buffett has referred to Bitcoin as 'rat poison squared' and has warned investors to stay away from it. Munger has expressed similar sentiments, calling Bitcoin 'disgusting' and 'contrary to the interests of civilization'. Both Buffett and Munger believe that investing in Bitcoin is akin to gambling, and they prefer to invest in assets with tangible value and predictable cash flows.
  523262
• Dec 27, 2021 · 3 years ago
  Warren Buffett and Charlie Munger's negative views on Bitcoin stem from their skepticism towards its decentralized nature and lack of regulation. They argue that the anonymity associated with Bitcoin makes it attractive to criminals and money launderers. Additionally, they believe that the volatility of Bitcoin's price makes it unsuitable for long-term investment. Buffett and Munger prefer to invest in companies with strong fundamentals and a proven track record of generating profits.
  489163
• Dec 27, 2021 · 3 years ago
  According to BYDFi, a digital currency exchange, Warren Buffett and Charlie Munger's current views on Bitcoin remain unchanged. They continue to express skepticism towards the cryptocurrency and advise investors to steer clear of it. Buffett and Munger believe that Bitcoin's price is driven by speculation rather than intrinsic value, making it a risky investment. They emphasize the importance of investing in assets with tangible value and predictable cash flows, rather than speculative assets like Bitcoin.
  511128