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Warren Buffett and Charlie Munger’s Harsh Words on Bitcoin

Warren Buffett and Charlie Munger’s Harsh Words on Bitcoin

During Berkshire Hathaway’s 2021 annual meeting, both Warren Buffett and Charlie Munger expressed deep skepticism about Bitcoin. Here’s what they said, why it matters, and how the market reacted.

Warren Buffett and Charlie Munger on Bitcoin
Buffett and Munger on Bitcoin — Berkshire Hathaway Annual Meeting 2021
Key quotes
  • Charlie Munger: “I think the whole damn development is disgusting and contrary to the interests of civilization.”
  • Warren Buffett: “I’m okay on that one.”

The Harsh Stance on Bitcoin

At the annual meeting, Munger did not hold back in his criticism of Bitcoin, labeling its success as “disgusting.” Buffett, though less vocal in this instance, supported his long-held skepticism by agreeing with Munger’s statement.

Why Their Words Matter

Buffett and Munger are among the most respected voices in finance. Their opposition underscores the ongoing divide between traditional value investors and digital asset advocates. While some see Bitcoin as a hedge against inflation, others like Buffett view it as a non-productive asset without intrinsic value.

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Implications for Crypto Markets

Their words may not stop crypto adoption, but they serve as a reminder of mainstream resistance. Institutional investors are split: some follow Berkshire’s caution, while others see opportunities in blockchain-based finance.

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© Earning Money Online — Educational content only. The views expressed by Buffett and Munger highlight differences in financial philosophy, not investment advice.

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