‘Just Say No’ To Putting Bitcoin In Retirement Account: Charlie Munger And Warren Buffett Still Not Fans Of Crypto

By April 30, 2022Bitcoin Business
Click here to view original web page at www.benzinga.com

[TRADE ALERT] This crypto trade could become the next Bitcoin level investment. See this Trade Now!

BRKB annual shareholder meeting on Saturday that wasn’t even about Bitcoin still prompted a crypto related response from Charlie Munger.

What Happened: An audience member asked about the best investment idea in the current economic climate of rising inflation. The questioner also asked about the best stock to buy right now.

Berkshire Chairman Warren Buffett wouldn’t give a specific stock, and instead told the audience member to invest in themselves and be the best in whatever field they choose.

FREE MASTERCLASS LIVE NOW ON YOUTUBE: How Pro-Traders 3X'd Their Income Using This Secret Options Trading Formula with Full-time Trader, Nic Chahine. Click Here Now to Watch!

Berkshire Vice Chairman Charlie Munger took his advice a different direction.

“When you have your own retirement account, and your friendly adviser suggests you put all the money into bitcoin, just say no,” Munger said.

Why It’s Important: Munger and Buffett have been vocal critics of cryptocurrency, specifically Bitcoin

.

Buffett previously called Bitcoin “rat poison” and has been targeted as an enemy of Bitcoin, with Peter Thiel recently calling him enemy number one of the apex cryptocurrency.

Buffett also warned shareholders about new forms of money that have been created, without singling out Bitcoin by name. He told shareholders Berkshire always has a lot of cash on hand.

“The United States government affects that this became exchangeable for lawful money in the United States,” Buffett said in reference to a $20 bill.

Buffett said that inflation could make the $20 bill worth less in terms of purchasing power. “But that when people tell you that they’re issuing new forms of money, this is the only thing that will pay bills under some circumstances,” he said.

Photo: Created with an image from Nick Webb and Fortune Live Media on Flickr

If you are not using this trading strategy, you are leaving money on the table...

If you are blindly looking up and trading stocks the way 99% of traders are, you are missing on HUGE potential returns. Even new traders who started following this options trading strategy instantly began seeing a new perspective in how the markets move. With even two trades per month with this strategy, you will start seeing the difference in your trading strategies. Don't waste any more time "guessing" and "getting lucky". Click Here to See if you Qualify for Benzinga Options!

For a limited time only we are gifting away our #1 options trading newsletter for a massive 50% OFF. This includes two trade alerts every month, with a full explanation, an in-depth video, and a full breakdown as to why the trade was made. For the same cost as your Netflix/Spotify subscription and less than the average order at McDonald's per month, you will receive top-tier education and high-conviction trade alerts to help you maximize your odds of success. This also includes a 14-day money-back guarantee if it's not for you.

All Today's Crypto News In One Place