← BackTranscript

Munger has "no confidence" in bitcoin

Buffett & Munger2013-05-04videoOpen original ↗

1 chunks · 744 chars · 4 speaker-tagged segments

SpeakersWarren2Questioner1Charlie1
QuestionerI had a question for you regarding unregulated digital currency such as Bitcoin. I was wondering what you think the significance of something like that showing up in the last few years is.
WarrenCharlie, I hope you know something about this subject, because I don't know a thing.
CharlieI know what he's talking about. I know what he's talking about, but I just don't know. I have no confidence whatsoever in Bitcoin being any kind of a big universal currency. That would certainly be my gut reaction, but I don't, I haven't really looked into it. But I'll put it this way. Of our 49 billion, we haven't moved any to Bitcoin.
WarrenWell, the truth is I don't know anything about it. That doesn't always stop me from talking about things, but it will in this case.