Gordon Johnson Revives Charlie Munger's Criticism Of Bitcoin As 'Rat Poison,' Calls It 'Worthless' With BTC Falling Below $100,000: 'Purely Speculative Tulip That's In A Bubble'
Gordon Johnson Revives Charlie Munger's Criticism Of Bitcoin As 'Rat Poison,' Calls It 'Worthless' With BTC Falling Below $100,000: 'Purely Speculative Tulip That's In A Bubble'
#bitcoin, as Charlie Munger said, it rat poison. It has NO use case, generates NO value/cash-flow, & is worthless. It's a purely speculative "tulip" that's in a bubble thanks to (VERY) loose financial conditions enable by the Fed, & extreme greed from folks like... GLJ Research CEO Gordon Johnson intensified criticism of Bitcoin (CRYPTO: BTC) on Thursday, echoing late Berkshire Hathaway Inc. Vice Chairman Charlie Munger's skepticism and targeting major financial institutions for their role in cryptocurrency markets.
GLJ Research首席執行官戈登·約翰遜在週四加大了對比特幣（數字貨幣：BTC）的批評聲，這與伯克希爾·哈撒韋前副主席查理·芒格的懷疑態度相呼應，並針對主要金融機構在數字貨幣市場中的角色提出質疑。
What Happened: "Bitcoin, as Charlie Munger said, is rat poison," Johnson wrote on X. "It has no use case, generates no value/cash-flow, & is worthless." He specifically called out BlackRock Inc. and Fidelity Investments for profiting from trading fees while fueling what he describes as a speculative bubble.
"比特幣，正如查理·芒格所說，是老鼠藥，"約翰遜在X平台上寫道。"它沒有任何應用案例，無法產生價值/現金流，而且毫無價值。"他特別指出貝萊德公司和富達投資公司，在從交易費用中獲利的同時，助長了他所描述的投機泡沫。
Johnson's comments come as Bitcoin trades near $97,843, after recently surpassing the $100,000 mark. He emphasized that crypto miners quickly convert Bitcoin to traditional currency to cover operational costs, suggesting this undermines claims about the cryptocurrency's long-term value.
約翰遜的評論是在比特幣交易接近97,843美元的背景下發表的，此前比特幣曾超過10萬美元的關口。他強調，加密礦工快速將比特幣兌換爲傳統貨幣以覆蓋運營成本，這表明對比特幣長期價值的主張受到削弱。
#bitcoin, as Charlie Munger said, it rat poison. It has NO use case, generates NO value/cash-flow, & is worthless. It's a purely speculative "tulip" that's in a bubble thanks to (VERY) loose financial conditions enable by the Fed, & extreme greed from folks like...
— Gordon Johnson (@GordonJohnson19) December 19, 2024
#比特幣，正如查理·芒格所說，它是老鼠藥。它沒有任何應用案例，無法產生價值/現金流，而且毫無價值。這是一種純粹的投機"鬱金香"，由於聯儲局（非常）寬鬆的金融條件以及像......這樣人的極端貪婪而形成了泡沫。
—— 戈登·約翰遜 (@GordonJohnson19) 2024年12月19日
Why It Matters: The criticism aligns with views expressed by Munger, who passed away in November 2023 at age 99. During Berkshire Hathaway's 2022 shareholder meeting, Munger strongly advised against including Bitcoin in retirement accounts.
爲什麼這很重要：這種批評與芒格的觀點一致，芒格於2023年11月以99歲高齡去世。在伯克希爾·哈撒韋2022年股東大會上，芒格強烈建議不要在養老賬戶中包含比特幣。
Munger's longtime business partner, Berkshire CEO Warren Buffett, shared similar concerns, having famously labeled Bitcoin as "rat poison squared."
芒格長期的商業夥伴，伯克希爾首席執行官禾倫·巴菲特也表達了類似的擔憂，他曾著名地將比特幣稱爲"老鼠藥的平方"。
These skeptical views stand in contrast to growing institutional acceptance, marked by the SEC's approval of spot Bitcoin ETFs. Major financial firms including BlackRock and Fidelity have launched Bitcoin funds, with products like iShares Bitcoin Trust (NASDAQ:IBIT) and Fidelity Wise Origin Bitcoin Fund (BATS:FBTC) attracting significant investor interest.
這些懷疑的觀點與日益增長的機構接受度形成對比，標誌着美國證券交易委員會（SEC）批准現貨比特幣ETF。包括貝萊德和富達在內的主要金融公司推出了比特幣基金，像iShares比特幣Trust（納斯達克：IBIT）和富達Wise Origin比特幣基金（BATS：FBTC）等產品吸引了大量投資者關注。
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