• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, June 19, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto Bitcoin

Warren Buffett says he wouldn’t pay $25 for all the bitcoin in the world — and Charlie Munger blasts the crypto as ‘stupid’ and ‘evil’

by Srestha Roy
May 1, 2022 - Updated On May 2, 2022
in Bitcoin, Crypto
Reading Time: 2 mins read
0
Warren Buffett says he wouldn’t pay $25 for all the bitcoin in the world — and Charlie Munger blasts the crypto as ‘stupid’ and ‘evil’
TwitterWhatsappLinkedin

During Berkshire Hathaway’s annual shareholder meeting on Saturday, Warren Buffett and Charlie Munger took aim at bitcoin and the broader cryptocurrency business.

You might also like

U.S. Senate Delivers Major Win for Crypto with Bipartisan GENIUS Act

BlackRock Accelerates Bitcoin Bet with $1.4 Billion Buying Spree

Vault Raided: Inside the $82 Million Cyber-Strike on Iran’s Nobitex Exchange

“If you told me you owned all the bitcoin in the world and you offered it to me for $25, I wouldn’t take it,” Buffett stated. “What would I do with it?”

Buffett, on the other hand, has stated that he would acquire a section of the country’s farmland or some of the country’s apartments. He restated his belief that bitcoin is worthless since it produces nothing, and that holders rely on someone else willing to pay more for it than they did.

“It’s got a magic to it,” Buffett continued, comparing bitcoin to an insurance firm promoting itself as a technological marvel.

Buffett’s longstanding business partner, Munger, was even harsher in his assessment of the most valued cryptocurrency.

“In my life, I try and avoid things that are stupid, evil, and make me look bad in comparison to someone else,” Munger stated . “Bitcoin does all three.”

Holding bitcoin is “stupid” because he expects it to be worth zero dollars in the future, “evil” because it undermines the integrity and stability of the US financial system, and “foolish” since China’s governing party was clever enough to outlaw it, according to the billionaire investor.

Bitcoin has previously been criticized by Warren Buffett as “rat poison squared” and a worthless fantasy. Meanwhile, Munger has compared cryptocurrency to a venereal illness, urged for its ban in the United States, and criticized the huge speculation that has fueled its recent price gains.

Bitcoin () is a decentralized digital currency that may be sent from user to user on the peer-to-peer bitcoin network without the use of intermediaries. It has no central bank or single administrator.

Network nodes use cryptography to verify transactions, which are then stored in a public distributed ledger called a blockchain. Satoshi Nakamoto, a pseudonym for an unknown individual or group of people, created the cryptocurrency in 2008. When the currency’s implementation was released as open-source software in 2009, it went into usage.

Bitcoins are created as a result of the mining process. They can be exchanged for a variety of other currencies, goods, and services. Bitcoin has been chastised for its usage in unlawful transactions, the vast amount of electricity required for mining (and consequently the associated carbon impact), price volatility, and exchange robberies. At various times, certain investors and economists have labeled it a speculative bubble. Others have utilized it as an investment, despite the fact that various regulatory bodies have issued bitcoin investor alerts.

Tags: #CryptobitcoinWarren buffet
Tweet54SendShare15
Previous Post

Elon Musk’s investment advice for the long run

Next Post

First country in Persian Gulf approves SpaceX Starlink services

Srestha Roy

Recommended For You

U.S. Senate Delivers Major Win for Crypto with Bipartisan GENIUS Act

by Anindya Paul
June 19, 2025
0
Senate

In a landmark 68–30 vote, the U.S. Senate has passed the GUIDING AND ESTABLISHING NATIONAL INNOVATION FOR U.S. STABLECOINS (GENIUS) Act—the first federal legislation ever able to regulate...

Read more

BlackRock Accelerates Bitcoin Bet with $1.4 Billion Buying Spree

by Anindya Paul
June 18, 2025
0
BlackRock

BlackRock, the world’s largest asset management firm, has quietly ramped up its Bitcoin exposure—investing approximately $1.4 billion over a six day buying streak into its iShares Bitcoin Trust (IBIT)....

Read more

Vault Raided: Inside the $82 Million Cyber-Strike on Iran’s Nobitex Exchange

by Anindya Paul
June 18, 2025
0
Nobitex

In a politically motivated cyberattack, Iran's largest crypto exchange Nobitex lost more than $81.7–82 million in digital assets. The pro-Israel hacker collective "Predatory Sparrow" (Gonjeshke Darande) has claimed...

Read more
Next Post
The Kingdom of Bahrain is the first country in the Persian Gulf to approve SpaceX Starlink Internet service

First country in Persian Gulf approves SpaceX Starlink services

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?