Warren Buffett, Bill Gates, And Charlie Munger Said This About Bitcoin | Exploring Markets

Warren Buffett, Bill Gates, And Charlie Munger Said This About Bitcoin

This conversation happened on Fox Business a little more than 6 months ago. It is between Liz Claman, Charlie Munger, Warren Buffett, and Bill Gates. A link to the video is at the bottom. But first, read this opening exchange when they shared their thoughts about Bitcoin:

Liz Claman: We need to talk about Bitcoin in a minute. I can't wait to hear what Charlie Munger has to say about this. Let's bring in Charlie Munger, the vice chair of Berkshire Hathaway, Bill's gonna move over so you can come sit in. Good morning, Charlie. 
Charlie Munger: Good morning. 
Liz Claman: I just had to get your thought on Bitcoin, this... this... this digital currency that's out there that people say, oh it might be the next big thing. What do you think? 
Charlie Munger: I think it's rat poison. 
Warren Buffet: Put him down as undecided. 
Liz Claman: Do you understand what they're trying to do with it? 
Charlie Munger: No, but I regard it as deeply flaky. 
Liz Claman: Deeply flaky, OK, Bitcoin - Bill, what do you think? 
Bill Gates: I think it's a technical tour de force, but that's an area where governments are gonna maintain a dominant role. 
Liz Claman: Bill, Warren? 
Warren Buffet: I think either Charlie or Bill is right.