@RahulKhanna has Buffet changed his stance on Bitcoin? While Charlie spoke about feeling âdisgustedâ about Bitcoin, Buffet seems to have softened up by saying - âI am alright on that one.â
âIâm alrightâ is him agreeing with Munger I think.
The comment was a joke/sarcasm. Check around 3:42:32 in the above video for more context behind that comment. There was an article about it as well -
âI knew thereâd be a question on bitcoin,â Buffett said. âI thought to myself, âWell, Iâve watched these politicians dodge questions all the time, you know, I find it kind of disgusting, but they do it.â But the truth is Iâm gonna dodge that question because we probably got hundreds of thousands of people watching that own bitcoin, and we probably have two people that are short. So we got a choice of making 400,000 people mad at us and unhappy, and, or making two people happy, and thatâs just a dumb equation.â
Buffettâs partner, Charlie Munger, said bringing up bitcoin is like âwaving the red flag at the bull.â
âOf course, I hate the bitcoin success and I donât welcome a currency thatâs useful to kidnappers and extortionists, and so forth,â the 97-year-old said. âNor do I like just shuffling out of extra billions and billions and billions of dollars to somebody who just invented a new financial product out of thin air. So, I think I should say modestly that I think the whole damn development is disgusting and contrary to the interests of civilization. And Iâll leave the criticism to others.â
To that, Buffett joked, âIâm alright on that one.â