Charlie Munger, the Vice-Chair of Berkshire Hathaway and colloquially known as Warren Buffet's right hand man took on BTC during Berkshire Hathaways annual shareholder meeting
There he called Bitcoin "stupid because itβs very likely to go to zero" and also praised Chinese leader Xi Jinping for banning BTC.
He also claimed that Bitcoin is "evil". Yet his company Berkshire Hathaway invested $28 billion in Chevron and Occidental Petroleum in just the first 3 months of 2022. The same Chevron that is responsible for one of the worst ecological disasters in history when it dumped over 18.5 billion gallons of toxic water into the Amazon rainforest contaminating two million acres of the Ecuadorian Amazon.
And why did he call BTC evil? For its environmental effects? Nope
"itβs evil because it undermines the Federal Reserve System and national currency system, which we desperately need to maintain its integrity and government control and so on"
This is the mindset of these people. Evil doesnt mean destroying the world. Evil is anything that tries to disrupt the status quo. God forbid anyone else becomes rich!
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