Berkshire Hathaway Vice President Charlie Munger again criticized Bitcoin and compared it to a “stinky ball” that ruins a good recipe.

“...In order for the currency to enjoy universal respect, we used this technique: it is issued by the state. The only way we know to move from hunting and gathering to civilization is through a strong currency. It could be shells, corn kernels, or much more. These could be gold coins, these could be promises in banking systems, like in the USA, England, and so on. When you start creating artificial currency... you're just throwing your stinker ball into a recipe that has been around for a very long time and works very well for a lot of people,” he said.

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