Does Charlie Munger Have a Point About Bitcoin? 3 Things to Consider

Lately, it seems everyone has an opinion on Bitcoin (CRYPTO: BTC). At the Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) annual meeting this weekend, Charlie Munger offered his. To the surprise of no one, it was salty and pulled no punches. The 97-year-old billionaire and partner to Warren Buffett gave a stark assessment:

I don't welcome a currency that's so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air. 

I think I should say modestly that the whole damn development is disgusting and contrary to the interests of civilization.

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Source Fool.com