“I see [Bitcoin as] an artificial speculative medium that people are buying just because they think they can sell it to somebody else at a higher price, even though it inherently has no intrinsic value. So, I regard the whole business as anti-social, stupid, immoral. [...] I regard the thing as a combination of dementia and immorality, and I think the people that are pushing it are a disgrace.”

— Charlie Munger

Yahoo Finance interview with Andrew Serwer https://www.youtube.com/watch?v=AIYPu4MFLl4, May 7, 2018 (at 17:00)

Adopted from Wikiquote. Last update June 3, 2021. History

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Charlie Munger 9

American business magnate, lawyer, investor, and philanthro… 1924

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