Former California governor and movie star Arnold Schwarzenegger has confirmed that he is not investing in Bitcoin or any other cryptocurrencies. He says he is “Like Warren Buffett” in that he doesn’t invest in things he doesn’t understand. However, Berkshire Hathaway’s CEO also believes that BTC is “Rat poison squared.”
Arnold Schwarzenegger: I don’t invest in BTC
The star of “Terminator” Arnold Schwarzenegger told about Bitcoin in an interview with New York Times, posted on Thursday. Regarding cryptocurrency, the former California governor said:
No, I am not investing in them [tj. Bitcoiny]. I’m like Warren Buffett. I don’t invest in things I don’t understand.
The CEO of Berkshire Hathaway has long been a critic of Bitcoin. In 2018, he named the digital currency “Squared rat poison”, and his business partner Charlie Munger recently referred to the cryptocurrency as “nonsense”.
– I don’t like the currency which is so useful for kidnappers, extortionists and so on. Nor do I like to just donate a few extra billion dollars to someone who just came up with a new financial product out of thin air. I think I should say modestly that I think all this goddamn development is gross and contrary to the interests of civilization. And I will leave criticism to others – said Munger.
Schwarzenegger has consulted Buffett on several occasions over the years. When he was fighting for California’s governorate in 2003, Buffett became his financial and economic advisor.
The Hollywood star previously described Buffett as “the greatest investor of all time, my mentor and my hero “adding that “Warren has a common sense approach to business matters. This is the same way I want to approach governing. Warren always says what it is like “. Buffett was also one of Schwarzenegger’s advisers when he ran The New Celebrity Apprentice in 2016.
Munger attacks BTC again
Earlier this month, Buffett and Munger commented on the BTC market situation at Berkshire Hathaway’s annual shareholders meeting. While Buffett avoided attacking the cryptocurrency directly because he didn’t want to annoy long-time Bitcoin investors, Munger said outright:
I hate bitcoins.