At Berkshire Hathaway Inc.’s most recent annual shareholder meeting, vice chairman Charlie Munger didn’t hesitate to make his personal distaste for Bitcoin (CRYPTO: BTC) known.
“Of course, I hate the Bitcoin success, and I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth,” stated the 97-year-old value investor.
There's so much money that the Fed has generated over the last few years (and especially in recent months) that it should not be surprising if some folks treat it as a disposable commodity. Add to that the cases like the Dogecoin millionaires who gambled $9,000 that turned into $2M in weeks. So easy to come, so easy to blow.
Heck, maybe it's the Colonial Pipeline ransomers spending some of their extortion crypto.
FYI, most folks now know this but Gunbroker is collecting sales tax on pretty much every sale, regardless of if the seller states that in their listing. That just adds another 5-9% to the price, depending on your state.
