Warren Buffett, Charlie Munger Not Excited Over Bitcoin

Written by:
Guest
Published on:
Jan/11/2018

Warren Buffett, Berkshire Hathaway chairman and CEO, and Charlie Munger, Berkshire Hathaway vice chairman, share their views on Bitcoin being a bubble.

What would Munger's message to young Millennials be who are so excited about the cryptocurrency craze?

"They're excited because it's going up at the moment and it sounds vaguely modern and I'm sure the computer science involved is difficult and interesting so you can understand why they get excited, but I'm not excited."

Buffet chimed in: "If you are buying something because it went up last week, that is not a (good) reason for buying anything."

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