Charlie Munger is Berkshire Hathaway's co-chairman, and on April 30 at the firm's shareholder meeting, he said:
Bitcoin's recent price action appears to support the views of the two billionaire investors, at least at this juncture.
Here's a CNBC headline from the evening of May 9:
Indeed, a July 9, 2021 Bloomberg headline captured the sentiment of the global chief investment officer of a major financial firm:
Learn more about this rare chance to test-drive the Global Market Perspective for only $9 -- which means access to the May 2022 issue -- by following this link.
[Bitcoin] is stupid because it's very likely to go to zero.
Berkshire Hathaway chairman Warren Buffet also expressed a negative sentiment toward the cryptocurrency.Bitcoin's recent price action appears to support the views of the two billionaire investors, at least at this juncture.
Here's a CNBC headline from the evening of May 9:
Bitcoin dips below $30,000, drops more than 56% from its all-time high
Keep in mind that just days ago, the cryptocurrency was trading north of $40,000. The last time Bitcoin traded below $30,000 was last July. As you might imagine, many crypto investors were quite fearful then.Indeed, a July 9, 2021 Bloomberg headline captured the sentiment of the global chief investment officer of a major financial firm:
Learn more about this rare chance to test-drive the Global Market Perspective for only $9 -- which means access to the May 2022 issue -- by following this link.
