Berkshire Hathaway vice chairman Charlie Munger says cryptos ‘useful to kidnappers and extortionists.’
It seems safe to say that Berkshire Hathaway Inc. Vice Chairman Charlie Munger’s cryptocurrency skepticism hasn’t been softened by the rally in prices for bitcoin and other digital assets.
— Charlie Munger Munger’s remarks came in response to a question at Berkshire’s BRK.A, -1.29% BRK.B, -0.95% annual shareholder meeting on Saturday. Munger and Chairman Warren Buffett were asked about their feelings regarding rising cryptocurrency values given Munger’s previous characterization of bitcoin as worthless, “artificial gold.
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