Vice Chairman of Berkshire Hathaway slams Bitcoin
Charlie Munger Vice Chairman of world-renowned hedge fund Berkshire Hathaway has based Bitcoin once again.
In an interview he said:
I hate things like Bitcoin, I hate things that are intrinsically antisocial.
This is not the first time he and Warren Buffett of Berkshire Hathaway have bad mouthed the digital currency after they called bitcoin "rat poison" and "rat poison squared,
In the interview he sounded the alarm on the hedge fund industry saying:
People in the investment management industry should prepare for tougher times ahead.
There are wretched excesses in many well paid hedge fund and provate equitiy business.
That sounds like an endorsement for a cryptocurrency if you ask me. They could have many reasons not to like a disruptive technology as they are both old-timers and part of an old system. This is not to say they will not change their minds at some point. There are many old school traders and investors who have jumped on the crypto bandwagon.
Author
Rajan Dhall, MSTA
FX Daily
Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.
