Rat Poison Squared T-Shirt & Quotes From Buffett and Munger
On May 5th 2018, Warren Buffett said Bitcoin was probably, “rat poison squared”. This post chronicles some of the negative things both Warren Buffett and Charlie Munger have said about cryptocurrencies and Bitcoin.
May 6th, 2013
Here, Munger first calls Bitcoin rat poison.
May 5th, 2018
Here, 5 years later, Buffett doubles down and calls Bitcoin, “rat poison squared”.
Berkshire Hathaway Annual Meeting 2018 (May 5th, 2018)
When asked about Bitcoin during Berkshire’s 2018 annual meeting, Warren Buffet rambles on for a bit and then Charlie Munger compares it to “trading turds” (shown in clip above).
May 6th, 2018
After the 2018 annual meeting, Charlie continues his slamming of Bitcoin and compares it to trading, “freshly harvested baby brains”.
I found Max Keiser’s response to the rat poison comments quite funny. He said, “bitcoin IS rat poison and the banks are the rat”.
Here’s an image of the shirt I made about Bitcoin being called rat poison squared. You can buy it here.