Billionaire investor and Berkshire Hathaway vice-chairman Charlie Munger has once again dismissed the value proposition of Bitcoin.
Like Berkshire Hathaway chairman Warren Buffett, the 97-year-old Munger is a known critic of Bitcoin (BTC).
Addressing the 2021 Daily Journal annual meeting with shareholders organized by Yahoo Finance on Wednesday, Munger again espoused some negative sentiments about the largest cryptocurrency by market capitalization.
Fielding questions from shareholders concerning Bitcoin, Munger stated:
“I don’t think Bitcoin is going to end up [being] a medium exchange for the world.