Bitcoin is a ‘disgusting’ product that comes ‘out of thin air,’ says Charlie Munger

Charlie Munger, billionaire investor and vice chair of Warren Buffett’s Berkshire Hathaway (NYSE:) conglomerate, did not mince words when it came to describing his feelings on crypto.

In the Berkshire Hathaway Annual Shareholders Meeting streamed live on Saturday, Munger addressed questions from investors alongside his fellow billionaire. While Buffett said he would intentionally dodge a question on whether cryptocurrencies were “worthless artificial gold,” Munger’s response was more direct, positing that the questioner was just “waving the red flag at the bull” in addressing him.