Berkshire Hathaway's Charlie Munger tells us how he really feels about investing in Bitcoin.
He continued, “The computer science behind bitcoin is a great triumph of the human mind,”
Munger told Yahoo Finance.
“They created a product that’s hard to create more of but not impossible. [But] I see an artificial speculative medium,” he said. It’s “anti-social, stupid and immoral.”
What do you guys think? I don't see Bitcoin as anti-social, stupid or immoral but I'm not believer that it's the "savior" that many make it out to be. Blockchain technology itself is awesome (of course) but if I could describe bitcoin in one word, I'd say "bloated".
I'm no bitcoin expert but would love to know more about Charlie's perspective, as well as anyone who holds a completely opposite view.
I'm kind of in the middle at this point. What do you think?
Source: https://www.ccn.com/bitcoin-nearly-as-bad-as-trading-harvested-baby-brains-berkshire-vc-munger/