Bitcoin is heading towards $10,000 again, despite comments from the US billionaire Charles Munger who described the digital currency as “noxious poison”.
Munger, the vice-chairman of Warren Buffett’s investment firm Berkshire Hathaway, said he considered the bitcoin craze to be “totally asinine”.
Speaking at the annual meeting of the US publishing firm Daily Journal, which he chairs, in Los Angeles on Wednesday, Munger said: “I never considered for one second having anything to do with it. I detested it the moment it was raised. It’s just disgusting. Bitcoin is noxious poison.”
Bitcoin is rising towards $10,000, a level it has not seen since 1 February. It hit $9,977 earlier on Thursday and is now trading at around $9,580, up nearly 1%.
Munger called for a government crackdown on the cryptocurrency, similar to the one in China, saying: “Our government’s more lax approach to it is wrong. The right answer to something like that is to step on it hard.
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