Warren Buffett says that bitcoin is “probably rat poison squared”. This explains why rats like Munger and Buffett don’t like it.
Bitcoin is indeed rat poison to authoritarians worldwide whether socialist, fascist, communist or any other type. Bitcoin allows individual people to protect themselves and the products of their lives from authoritarian-wannabes like Buffett and Munger. People who are willing to sell everyone else down the river in order to ingratiate themselves with the so-called elites worldwide: people who don’t care about how much inflation eats away the value of people’s savings, people who don’t care that people can’t protect themselves from the authoritarians confiscatory policies worldwide.
So yes, Buffett is right, Bitcoin is rat poison squared, and it is deadly to rats like him who don’t care about everyone else and who are willing to sell them down the river.