Warren Buffett's associate calls Bitcoin disgusting

97-year-old billionaire Charles Munger criticized the first cryptocurrency and emphasized that it is useful forkidnappers and extortionists.

Bitcoin is disgusting and contrary to the interests of civilization, said Warren Buffett's associate, 97-year-old billionaire Charles Munger during Berkshire Hathaway's annual shareholders meeting.

“Of course I hate the Bitcoin success,” CharlieMunger says. "I should say modestly that I think whole damn development is disgusting and contrary to the interests of civilization, and I’ll leave the criticism to others."

“I'm okay on that one,” Warren Buffett adds. #YFBuffett pic.twitter.com/vfmEBCt4M4

— Yahoo Finance (@YahooFinance) May 1, 2021

“Of course I hate the success of Bitcoin. I do not welcome currency, which is so useful to kidnappers and extortionists, ”Munger emphasized. According to him, the cryptocurrency was created out of thin air.

At the same time, Buffett declined to comment on Bitcoin. The legendary investor emphasized that digital money is now supported by "hundreds of thousands against two people."

“We have a choice: make 400,000 people angry and upset, or make two happy,” Buffett said.

He has repeatedly criticized the first cryptocurrency.For example, in February last year, an investor emphasized that digital money has no value, and is also used in most cases for the illegal movement of capital.

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