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Virtual currency kidnaps the existing monetary system

The global investment circle is looking forward to the formal convening of Warren Buffett's general meeting in 2021. Asked what he thought of cryptocurrency, Munger said he hated the success of bitcoin. Virtual currency kidnapped the existing currency system, while Buffett refused to answer the relevant questions.

"I don't like virtual currency kidnapping the existing monetary system. Therefore, investing billions of money in the field of cryptocurrency is like using a useless and groundless financial product to make money, which I am particularly dissatisfied with. In fact, the development of cryptocurrency is contrary to the interests of our civilization. " Munger said.

Mr. Buffett said he agreed with Mr. Munger. At the same time, the critical words of bitcoin can be left to others.

"I don't want to answer the question about bitcoin today," he said. Today, there are thousands or tens of thousands of bitcoin holders watching the live broadcast, while the two of us on the stage don't have bitcoin, so I want to avoid the problem of cryptocurrency. "

It is worth mentioning that Buffett's attitude towards cryptocurrency has always been consistent, insisting that cryptocurrency has no value.


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