Warren Buffett’s ‘right-hand man’ says Bitcoin is “disgusting”

Charlie Munger, vice chairman of American holding company Berkshire Hathaway, lambasted Bitcoin during the firm’s annual shareholder meeting yesterday, calling it a “disgusting” financial product that was invented “out of thin air.” “Of course I hate the Bitcoin success,” said during a Q&A session, adding, “I don’t welcome a currency that’s so useful to kidnappers […]
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Bitcoin critic Peter Schiff says both the American economy and US dollar are going to crash

Peter Schiff, CEO of Euro Pacific Capital and a well-known critic of Bitcoin, went full-on doomsayer mode yesterday with predictions of everything collapsing—the United States dollar, the American economy, and, of course, Bitcoin (BTC).
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Crypto market livens up as MicroStrategy says it wants more Bitcoin

Prices of Bitcoin (BTC) and other major cryptocurrencies swiftly began to pick up steam today after a week of uncertainty, potentially boosted by MicroStrategy announcing its plans to continue buying BTC.
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Bitcoin miners in China receive ’emergency notice’ amidst energy concerns

The Beijing Municipal Bureau of Economy and Information Technology has begun sending out “emergency notices” to local data centers, urging their operators to report whether they are involved in cryptocurrency mining, Reuters reported yesterday.
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Australian cricketer Brett Lee donates 1 Bitcoin towards India’s coronavirus fight

Brett Lee, a former Australian international cricketer, has donated one Bitcoin (worth roughly $54,000 today) to the so-termed “Crypto Relief” fund aimed at helping Indian hospitals to fight the coronavirus pandemic.
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US bank BNY Mellon blames “no exposure to Bitcoin” for fund underperformance

US bank BNY Mellon says one of its technology-focused funds had underperformed the market because it wasn’t exposed to companies investing in Bitcoin, a filing from yesterday showed.
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