TLDR a career cantillionaire explains 1. bitcoin is going to zero because he said so, 2. it undermines the federal reserve system which "we" (he and his ilk) desperately need for government control, and 3. he admires the (murderous, authoritarian) Chinese communist leader's decision to ban bitcoin...
23 sats \ 1 reply \ @gmd 2 May 2022
Can't take these guys too seriously. They're old AF. I talk to old people every day and most just rant about stuff from 3-4 decades ago. Friends with Bill Gates and somehow missed the Microsoft train. They were literally born a century ago. They're not going to understand technology and it's not their fault. People are asking them about it for the headlines.
Ask your great grandparents about Bitcoin and see how they fare lol.
reply
21 sats \ 0 replies \ @kilianbuhn 2 May 2022
Yes, Charlie Munger was literally raised by people who grew up in the victorian era! (Weird fact I know but I find fascinating perspective nonetheless)
My grandparents are several decades younger and can barley turn in a computer. Don't take Munger too serious!
reply
0 sats \ 0 replies \ @gmd 3 May 2022
So interesting to see the alternative perspective on reddit /r/investing
https://www.reddit.com/r/investing/comments/uh0flz/does_warren_buffetts_opinion_of_bitcoin_impact/
These guys are NGMI...
reply
10 sats \ 0 replies \ @cryptocoin 2 May 2022
Charlie needs to check his financial privilege.
https://i.imgur.com/q035ZaU.png
[Larger image]🐦 Presenting “Check Your Financial Privilege.” A short animated film. 🌍
#22689
reply
0 sats \ 0 replies \ @2big2fail 2 May 2022
it is entertaining to listen just as a continued check to make sure there isn't a valid argument against bitcoin that has not been voiced
this i believe is the first time he or anyone of his stature has admitted that it does indeed make the Federal reserve not necessary
reply
0 sats \ 0 replies \ @TheBTCManual 2 May 2022
LOL the sugar pimps have been funding crack pipe companies for years, it's no suprise that they're not keen on something that upsets their cosy place between everyone else and their spot close to the money printer
reply