By CCN: Billionaire pals and colleagues Warren Buffett and Charlie Munger doubled-down on their bitcoin haterade at the 2019 Berkshire Hathaway annual shareholders meeting.
Munger said bitcoin fans had invited him out for a drink this weekend, but he didn’t even consider it because he thinks they’re all traitors.
“I’ve been invited during this gathering to go to a happy hour put on by the bitcoin people. And I tried to figure out what the bitcoin people do in their happy hour and I finally figured it out: They celebrate the life and work of Judas Iscariot.”
The audience erupted into laughter in response to Munger’s crypto diss. Buffett followed up by asking, “Is your invitation still good?”
Munger Echoes Legacy Banks’ Fear of Bitcoin
For reference, Judas Iscariot was the apostle who betrayed Jesus Christ for 30 pieces of silver. Calling someone a Judas is saying he’s a traitor.
Munger’s comment is indicative of the way many established financial institutions view cryptocurrencies: As a means to topple traditional banks.