It’s got a magic to it and people have attached magics to lots of things,” he told CNBC.
We can put up Berkshire coins, put up Berkshire money but in the end, this is money,” he said, holding up a $20 bill.
“In the first place, it’s stupid because it’s still likely to go to zero,” he said.
Munger’s bluntness on his bitcoin attitude is nothing new, but the reasons behind his aversion have evolved.
Musk attested to Munger’s point that Tesla would probably go out of business, but he was willing to try regardless.