Buffett and Munger were back to hearing
Appearing as Statler and Waldorf of the Meat and Bones (Muppets Show's ruthless old men), Buffett and Munger harassed Bitcoin's audience at an annual Berkshire Hathaway meeting.
Buffett, known as Oracle Omaha for his history of predicting solid investments, began making all his usual notes on Bitcoine. He pointed out that it was a tool for charlatans and then, in response to a question from an investor, he remarked that it was a rat poison.
Charlie Munger then stuck to his thread. Before he went on with the rumble, he told Buffett, "I like cripples much less than you," comparing the crypt to dementia, and ended by saying,
"It's just disgusting, it's like when someone else deals with h * vats and you decide you can not miss it."
These child quotes from such significant financial men are not a surprise to anyone tracking cryptomas. As well as their statements about the worthlessness of Bitcoin as an investment.
Buffett admits Bitcoin does not understand
Munger said in February that Bitcoin is totally stupid, and Buffett, who has a long history of robbing childish notes, says he does not understand it. For CNBC he said:
"I have a lot of problems with the things I understand. Why should I have a long or short position in something I do not know? "
They are not alone
Munger and Buffett are not the only old Bitcoin bears who got used to making juvenile crippled notes. Jamie Dimon, Chief Financial Officer and Chief Financial Officer JP Morgan Chase, called Bitcoin "scam" and "stupid" many times.
Economist Robert Schiller, the Nobel Prize laureate, likes to refer to Bitcoin as foolishness and repeatedly compares it with the Ponzi scheme. His statement illuminates why the old guard returns to such infantilous insults. He said that cryptomas disturb the traditional view of banking.
At the end
But Bitcoin was created just to become an alternative to a system that is rigid, skewed and obsolete. And the financial ancients do not like it. They do not understand or I can not understand. But they know that cryptomas can cut them off of their wealth. And that's what encourages them to talk about Bitcoine, he's stupid, "fake," and compare it to "h * vnom".
Thank you very much for your support!