“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 said.
Buffett continued his criticism: “Whether it goes up or down in the next year, or five or 10 years, I don’t know.
“In my life, I try and avoid things that are stupid and evil and make me look bad in comparison to somebody else – and bitcoin does all three,” Munger said.
Since Buffett made the “rat poison” comment during the annual shareholder meeting in 2018, Bitcoin went from $9,500 to $38,808, which is the level the cryptocurrency was trading at the time of writing.
“Just because someone else wants something, it doesn’t mean you must have it.
As much as I respect & admire @WarrenBuffett, I don’t understand why he hangs on to the idea that #Bitcoin is not money because money is what the govt says it is.