Charlie Munger: Bitcoin And Other Cryptocurrencies Are Also Bubbles | CNBC

Warren Buffett, Berkshire Hathaway chairman and CEO, and Charlie Munger, Berkshire Hathaway vice chairman, share their views on bitcoin being a bubble.
For more of Warren Buffett’s wit and wisdom visit
» Subscribe to CNBC:

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news:
Find CNBC News on Facebook:
Follow CNBC News on Twitter:
Follow CNBC News on Google+:
Follow CNBC News on Instagram:

Charlie Munger: Bitcoin And Other Cryptocurrencies Are Also Bubbles | CNBC


Source link

Related posts

37 Thoughts to “Charlie Munger: Bitcoin And Other Cryptocurrencies Are Also Bubbles | CNBC”

  1. They are scared! Name one investment, (non-crypto related) that all 3 stood up in unison and lectured the public, "Not to buy!"?
    They are practically on a, "Do Not Buy Cryptocurrency Book Tour"-Lecturing you, "Not to buy cryptocurrencies!" All the while, they are knowingly, already, indirectly invested, into it. Up to thier eyeballs and then some!
    Case and point, does Warren Buffet's, 700 million shares of, "Bank of America (BOA)", ring a bell? Guess who owns the world's most blockchain patents as of Jan. 2018? You guessed it-BOA!

    BOA has not been kind nor likes cryptocurrencies either. These "Patents", most likely are not to expand or enhance blockchain technology but, more likely ammunition for an inevitable battle between, "Centralized" and "Decentralized" banking. They are a detailed strategized attempt to legally surpress and/or prevent the evolution of blockchain technology from occurring and creating a legal entry barrier or "Moat", in order to subdue any competition from flourishing.
    So, what are they scared of? It couldn't be be money-This they have plenty of. What has them so eager to bash cryptocurrencies?
    It is their legacy! This is found, within the continued survival of thier company!
    It is thier most worldly cherished asset. The one thing they have put above all other things-Including family, friends, relationships and so much more. The one thing that they have poured thier entire existance into and dedicaited their lives to believing that when they leave this world, they would always be remembered. It is thier, Legacy encompassed within thier own business. Their names written throughout history scribed, etched into stone as the founder of these behemoth enterprises.
    Blockchain threatens to upend the very nature of how banking, insurance, computer operating systems, and so much more operate. Should history prove this to be true and blockchain does become successful, then Warren Buffet's and Bill Gate's companies are doomed to fall to the waist side, and so also their names in hisrory-Like the horse and horse buggy, or even the railroad system become obsolete, so too did the names of these wealthy owners

    Other interesting articls about bitcoin & Warcraft arren Buffet

    Bitcoin up 7 fold since Qarren buffet called Bitcoin a "Mirage"

    Bitcoin almost broke through the $10,000 mark—then Warren Buffett and Bill Gates came along

  2. Buffet protests too much methinks.
    Clearly he is using his influence like Jamie Demon to drive down price so he can aquire large holdings in bitcoin.
    He already is one of three persons that control 50% of all US wealth.
    If you believe Buffet does not seek to aquire bitcoin at cheap prices, don't claim later you haven't been warned!

  3. Buffet has been wrong over and over and over..

  4. Don't be Fooled…the Same people like warren buffet mastercard and JP Morgan saying Bitcoin is a scam are they same people & companies behind the scenes making Big investments & taking out Patents on Block chain technology

  5. FIAT currency is a BUBBLE end of story .

  6. Fckng noobs buffet is speaking common sense never buy when it's going up, always buy low sell high, GG NOOBS

  7. There is no more greater fools. The biggest pyramid scheme ever will soon be crashing to a very devastating end. I kind of feel sorry for the people that invest life changing amounts of money into this pyramid scheme. My only advice is that if you do chose to invest your money into this scheme then remember to only gamble with money you are comfortable losing. Good luck people.

  8. Buffet made an interesting point once about gold. If he could have all the gold in the world now or all the farming land in the US, he'd take the land even though gold is currently worth more. The idea is that a stock or any investment security is only ever worth what people will pay. Gold fundamentally is nothing more than a metal. It returns nothing to you. Can't make money on it outside of its scarcity, and demand. but don't forget at one time people weren't that interested in gold and was once valued at far less than it's current oz price. Bitcoin is gold. Currently on the rise, but fundamentally is only worth what people will pay. Should people stop using bitcoin or buying it, that's it, it's over.

  9. bit coin will soon crash

  10. fake news. nothing new here

  11. FACT: THE OLD GENERATION WILL BE OVERTAKEN BY THE NEW GENERATION. It's a power game….Buffett doesn't want Bitcoin to do well. Why would he??? All his money is in fiat.

  12. stupid old men, when are these overrated dinosaurs going to die finally

  13. They are criticizing it without knowing anything about the technology involved. Decentralized protocols-based systems will replace companies and governments in the future. There is very high value in having systems that provide services, cannot be corrupted, remove middle-mans and reward people who participate.

  14. Well.. He was right Folks

  15. I can see both sides of the Bitcoin vs Fiat Money issue. Bitcoin is good because it is limited in quantity. Fiat Money is good because you can buy anything you want with it. How about some of each? A diversified portfolio seems like a good idea to me. Bitcoin is a cool new trend, but the fact is, you cannot buy anything you want with it directly, at least not yet. I think Bitcoin could go to a million dollars, or it could go back to ten cents.

  16. How can an honest capitalist like me short the bitcoin turd? Many thanks!

  17. When the market change. You change. If not. You will fall behind. Old people do not know what this is capable of. Good luck .

  18. Warren Buffet has done incredible things for finance. However his time has come to an end. His ability to discern as investor has dwindled..

  19. I like the idea of people actually trashing the best investor in our history in the comments, look how smart everyone is ;p

  20. Who want to but BTC ATC SVC coin contact me WhatsApp &call 7549050091

  21. The comment section is so cringe. Comparing fiat currency to muh futuristic money order.

  22. It's going to interesting to watch when bitcoin bubble pops

  23. Bitcoin is definitely the future and are here to stay for a long time But the present speculation going on in cryptos will definitely have a bad ending

  24. Oh I'm aware that Bitcoin and all crypto currencies are going to fall dramatically soon I just want one more super pump to 100,000 or more lol that's it and I'm done ?

  25. "If you're buying something because it went up yesterday, or last week, that is not a good reason to buy at anything. That will get you in trouble overtime." -W. Buffett

  26. He also didn't think Amazon could do what it did or what Google did.

  27. do not let them scare you ! unfortunately Bitcoin and other cryptocurrencies are not profitable for them so they will say anything to stop you investing in crypto. I dont wont to disrespect Warren Buffett and other successful businessmen but they have No idea how all crypto works and how this technology will change the world ! (changing)

  28. That guys has 80 + billion dollars. I think he knows what he is talking bout¡

  29. Derma Veil ® 被喻為新世代逆齡完美輪廓塑造,最新一代的PLLA膠原。 2003年獲得Mexican Ministry of Health (SSA)認證及美國FDA出口認證,並於2006年在拉丁美洲及遠東至東南亞地區廣泛使用,多個臨床實例見證能改善老化、遺傳、疾病(如脂肪萎縮)等引起的凹陷問題,其效果備受認同。蘊含兩大活性成分均具有生物兼容性及分解性,可逐步被人體自然分解吸收,有效塑造童顏肌 : 1. 聚左乳酸 (Poly-L-lactic acid / PLLA) : 促進骨膠原生長 2. 甘醇酸(Glycolic Acid ) 使皮膚表皮層黏膠性脂質鬆軟,改善皮膚厚度,加速細胞再生,減少皺紋及疤痕,加強保濕功能,增加光澤,美白效果。 由於甘醇酸分子較小,容易滲透皮膚 治療前: 皮膚的凹陷/皺紋 治療後: 成分被人體吸收、並刺激膠原增生,撫平皺紋及凹陷部位。 注入BOTOX(保妥適)會抑制突觸前膜釋放神經遞質,阻斷乙酰膽鹼(Acetylcholine)的釋放,從而使肌肉張力下降或癱瘓麻痺,皺紋也隨之而逐漸消失。

  30. Croatia’s beaten World Cup finalists reported for their flight home from Russia on Monday morning and will be greeted by plenty of adoring fans back in the capital of Zagreb. Luka Modric shows off his silver medal at Moscow airport as thousands of fans eagerly await the return of Croatia’s heroes for Zagreb party

  31. Chelsea stormed to an emphatic victory thanks to a debut strike for Alexandre Pato and a smart double from Pedro to send Aston Villa further into relegation trouble at a poisonous Villa Park on Saturday Aston Villa 0-4 Chelsea Barclays Premier League RESULT: Pedro brace humiliates hosts further at poisonous Villa Park

  32. West Ham boss Sam Allardyce has criticised his strikers for their performances on the pitch and lack of goals this season. Allardyce: Our strikers aren’t delivering… and we’re still not sure when Carroll will be back

  33. Jose Mourinho masterminded a special Chelsea victory at Manchester City on Monday night that could have a lasting impact on things at the top of the table. TACKLE KEOWN: Have Chelsea blown the title race wide open… and is Hazard now challenging Suarez and Aguero for player of the year?

  34. Immigration Lawyers… […]the time to read or visit the content or sites we have linked to below the[…]…

  35. Immigration Lawyers… […]the time to read or visit the content or sites we have linked to below the[…]…

Leave a Comment