Bitcoin’s Success Is ‘Disgusting’: Berkshire’s Charlie Munger

space agency awarded SpaceX the lunar contract over billionaire Jeff Bezos’ Blue Origin and defense contractor Dynetics.But on Monday Blue Origin filed a protest with the GAO, arguing among other things that NASA gave SpaceX the chance to revise its bid but did not give that chance to Blue Origin.Blue Origin also argues the decision extends SpaceX’s “monopolistic” control in space exploration.The GAO confirmed that Dynetics has also challenged the NASA contract award to SpaceX.A SpaceX spokesman did not immediately respond to a request for comment.The high-profile project aims to put humans back on the moon for the first time since 1972.But until the GAO ruling, which is expected early August, SpaceX’s lunar ambitions are grounded.

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Warren Buffett’s Berkshire Hathaway Inc said on Saturday its earnings are rebounding from the worst effects of the COVID-19 pandemic and that it has extended its aggressive stock repurchases with $6.6 billion of new buybacks.

I think I should say modestly that I think the whole damned development is disgusting and contrary to the interests of civilization, and I’ll leave the criticism to others.” To which Buffett responded, “I’m all right on that one!” Earlier in February, Munger had said that trading cryptocurrencies is “just dementia” and that the price of Bitcoin was far too volatile to be a mainstream medium of exchange.

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