American billionaire businessman, vice-chairman of the US-based international conglomerate holding firm Berkshire Hathaway, Charlie Munger considers Bitcoin advancement "disgusting". He stated this opinion at the yearly meeting of the company held on May 1.
Related: Fed Reserve Chair Jerome Powell Says DOGE Maybe "Frothy"
Although Munger has never supported BTC, those were his strongest words of dislike. Earlier this year Warren Buffet's closest partner and right-hand called the largest cryptocurrency volatile. In Munger's words, his hatred for BTC's success is natural as he doesn't appreciate a currency that is useful for criminals. Besides, he finds it wrong that a person who simply created a financial system out of nowhere receives huge amounts of money.
Munger thinks the entire evolvement is disgusting and doesn't work in the favor of civilization.
Meanwhile, Bitcoin price has gained over 11% during the previous 7 days. Currently, it trades at around $58.550.