“I told him I agreed.”

This article has been translated from our English version using artificial intelligence techniques. Errors may exist due to this process.

The old fervor among billionaires seems to have resurfaced after some questionable comments about the crypto boom from one of the game’s most experienced entrepreneurs.

Charlie Munger, Vice President of Berkshire Hathaway, led by Warren Buffett, has long been critical of cryptocurrency and announced his views last May during a question-and-answer session at Berkshire Hathaway’s popular annual shareholder meeting.

“Of course I hate the success of bitcoin. I don’t appreciate a currency so useful to hijackers, blackmailers and the like, and I don’t like just shuffling in the extra billions of dollars of someone who just invented a new financial product out of thin air.” Mocked . . “I think I must humbly say that the whole damned evolution is disgusting and contrary to the interests of civilization.”

Tell us how you really feel, Munger!

Related: Elon Musk donates $5.7 billion to a mysterious recipient

But the new comments emerging this week led to a viral tweet that was viewed and responded to by fellow billionaire and Tesla founder Elon Musk.

The original tweet posted an out-of-context quote from Munger in which he compared cryptocurrency to a “venereal disease.”

Munger Says He’s “Proud” Not to Invest in Crypto, Says It Should Be Banned, Compares It to “Vineria Disease” pic.twitter.com/vphG5VgSs0

– zero hedge February 16, 2022

“I definitely didn’t invest in cryptocurrency. I’m proud of the fact that I avoided it. It’s like a venereal disease or something. I just find it despicable.” Munger said in the original quote During the annual meeting of the Daily Journal, the Los Angeles-based newspaper where he serves as its president.

A staunch supporter and speaker of cryptocurrency (to the point where he is often accused of manipulating the cryptocurrency market and valuing certain currencies with his comments), Musk shared his own story about the interaction he had with Monger over the course of 10 years. .

Related: Elon Musk reveals when SpaceX will reach its next major milestone

“I was having lunch with Munger in 2009 telling the whole table all the ways Tesla was going to fail,” the Tesla founder and CEO admitted to his 74 million Twitter followers. “It made me very sad, but I told him I was OK with all these reasons and that we might die, but it was worth a try anyway.”

I was having lunch with Munger in 2009 telling the whole table about all the ways Tesla would fail.
It made me very sad, but I told him I was fine with all these reasons and that we might die, but it was worth a try anyway.

– Elon Musk February 16, 2022

The joke seems to be on Munger: Last October, Tesla became the sixth American company Access to the evaluation A trillion dollars, with Musk himself posting a Estimated net worth $245.5 billion as of Thursday morning.

earlier this week, been detected that Musk donated $5.7 billion to a shadowy organization after agreeing to give up 10% of his Tesla stock in last november Amid growing criticism of him and his fellow billionaires for not paying any personal income tax (as does Musk). He does not receive a salary or is entitled to annual cash bonuses.

As of Thursday morning, Tesla ascended 2.15% on an annual basis.

Related: Elon Musk admits that Tesla “dropped the ball” on the Model X.