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Warren Buffett And Charlie Munger Are Wrong About Bitcoin And Other Crypto Currencies

Warren Buffett and Charlie Munger has referred to bitcoin as a bubble and a scam over the years. Warren Buffett is clearly anti crypto because of Berkshire Hathaway’s massive bank holdings in U.S. equities.

Bitcoin was the best performing asset over the past decade rising %9,000,000 at all time highs. Out performing all major U.S. stock indices as well as global stock markets.

Warren Buffett has stated that he missed out on Amazon and Google because he didn’t understand their business model. Which leads me to the conclusion that Buffett just doesn’t understand technology.

Warren Buffett CNBC Interview: https://youtu.be/LtITDtZPYEw

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Charlie Munger
Charles Thomas Munger (born January 1, 1924) is an American investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his partner. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
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