Berkshire Hathaway Vice Chairman Charlie Munger's distain toward bitcoin has only intensified amid the digital asset's record run this year.
"Of course I hate the bitcoin success," the 97-year-old Munger said during a Q&A session at Berkshire's annual shareholder meeting Saturday. "I don't welcome a currency that's so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air."
"I think I should say modestly that the whole damn development is disgusting and contrary to the interests of civilization," said Munger, a legendary investor in his own right.
Warren Buffett, who avoided the initial question on bitcoin earlier, responded to Munger's answer: "I'm alright on that one.