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Coachella for Capitalists: Why bitcoin topped the bill at Berkshire Hathaway’s AGM

Charlie Munger: 'In my life, I try and avoid things that are stupid, evil and make me look bad in comparison to somebody else… and bitcoin does all three.'

‘Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t produce anything,’ Warren Buffett said of bitcoin
‘Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t produce anything,’ Warren Buffett said of bitcoin Photo: Scott Olson/Getty Images

It’s been called the Woodstock of Capitalism, Coachella for Capitalists, and a whole lot worse too.

What's for certain is that Berkshire Hathaway's annual general meeting is a must-watch event for market lovers.

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