Charlie Munger (of Berkshire Hathaway Inc.) says Bitcoin is a rubbish investment.
He says they tell you they’re not going to do create more Bitcoin. Charlie says they will create more if they want to!
He also says don’t believe them if they tell you their rules are that they can’t make more Bitcoin.
“When there’s enough incentive bad things will happen” – Charlie Munger
Jack Bogle (Founder of Vanguard) agrees. Jack says:
“Avoid bitcoin like the plague. Did I make myself clear? It may well go to $20,000 but that won’t prove I’m wrong.”