“I regard the bitcoin craze as totally asinine to create some manufactured currency … I expect the world to do silly things from time to time, because everybody wants easy money. It’s just disgusting that people are taken in by something like this. Who would want one’s children growing up buying things like bitcoin? I hope to god my family doesn’t buy it. It’s noxious poison. People love it, because the computer science is interesting to those with a mathematical bent, but you can get terribly good at torture if spend time on it. China stepping on it hard is right. Our government’s more lax approach to it is wrong. The right answer with stuff that bad is to step on it hard. It’s the government’s job.”
—Charlie Munger.
