Berkshire Hathaway Vice President Charlie Munger described Bitcoin as "totally asin" on Wednesday in what some consider to be one of its latest public forums, reports the Financial Times Thursday, 15. February.

Speaking at the Daily Journal Corporation's 2018 annual general meeting, Munger, who is 94, broke loose as one of Bitcoin's most virulent opponents

Asked what he described as "the infatuation with Bitcoin," Munger's answer was that he should receive government repression.

" I expect the world to do silly things from time to time

" It's just disgusting that People are taken by something like this … The lax approach of our government is bad.

In addition to describing cryptocurrency as "utterly stupid," Munger went further than Warren Buffett, himself CEO of Berkshire, who admitted in January that he was "totally stupid". I can not say anything about "technology.

" I can say with some certainty that they will end badly ", he nevertheless offered in comments to CNBC

.

Cointelegraph has already reported how other major figures in traditional finance had turned Bitcoin's criticism last year.

Notably, the CEO of JPMorgan, Jamie Dimon, claimed that he "was not skeptical" in private comments at the World Economic Forum in January, having regretted calling Bitcoin a "fraud."