A bit graphic, this comparison, isn't it? Warren Buffet’s right-hand man is proud he did not invest in crypto and compares it to a sexually transmitted disease.
Munger’s imaginative depiction of cryptocurrency does not seem to be reflected in the new investment thesis of Berkshire Hathaway, which is softening up on its exposure to cryptocurrency.
In a securities filing late on Monday, Berkshire Hathaway disclosed that it had increased its exposure to cryptocurrency by, Brazil’s largest fintech bank, which is popular among Brazil’s crypto investors. “The Nubank investment can be tagged as Buffett’s way of supporting the fintech/crypto world without taking back his criticisms of the past,” asserted Greg Waisman, co-founder and chief operating officer of crypto wallet service Mercuryo, adding that Berkshire is now backing the “digital currency ecosystem indirectly.”GmoneyNFT called out the irony in Munger’s recent remarks point blank to their 225,000 followers.Also Charlie Munger: Crypto is like some venereal disease.