Not to mention that Bill Gates was pronouncing ICO as "Eyeko" during the interview at CNBC. I get it these billionaires wanna bash bitcoin and other cryptocurrencies... least pronounce it properly lol . It's about 1:43 in the video and you'll hear it 😂
https://www.cnbc.com/video/2018/05/07/munger-bitcoin-is-worthless-artificial-gold.html
You'd think for someone like Bill Gates, founder of Microsoft, would have something nice to say about Bitcoin and other cryptos since it will eventually be the future of the monetary system whether they like it or not. 10 yrs ago, the stock market crashed. Over the past decade, we've put nothing but band-aids...temporary fixes. The centralized corrupt system can only do so much before the bubble eventually pops. Those who don't adapt to crypto and stick with fiat are the ones who are gonna suffer.
At the end of the day, guys like Buffet and Munger are old and are set in their ways. But at the same time, these billionaires don't like the fact that for the first time ever, there will be an even distribution of wealth, thanks to cryptocurrency.
Always take their advice with a grain of salt 🤣