Berkshire Hathaway CEO Warren Buffett and company vice chairman Charlie Munger are sending a clear message that they are not fans of cryptocurrencies despite the meteoric rise of the emerging asset class.
During the company’s recent annual shareholder meeting, the Oracle of Omaha dodges a question regarding the $2 trillion valuation of cryptocurrencies as he does not want to make any statement that may not be to the liking of hundreds of thousands of crypto holders watching the event.
“We’ve probably got hundreds of thousands of people watching this that own Bitcoin, and we’ve probably got two people that are short. So we got a choice of making 400,000 people mad at us and unhappy and or making two people happy. And that’s just a dumb equation.”
While Buffett kept his opinion to himself, his long-time business partner Charlie Munger did not hold back in his statements.
“I don’t welcome a currency that’s so useful to kidnappers and