No. of Recommendations: 19
If Munger intends to continue his demonization of the crypto space, he should resign from the Bod, of brk. Going to war with big money players,offers no upside for brk shareholders.
Who are the big players? Google tells me the largest Bitcoin owner is Satoshi Nakamoto with ~1.1 million BTC. However, those have not moved from his wallet in over 12 years, so he's likely dead. At a minimum, no one knows where he is, or if he even existed. So I don't think he is a player. Next up are the the Winklevei Twins with 70,000 BTC. That's about $1.5 billion. Which is a lot of money, but it is in a form that is not very liquid. And they got tied up in the Genesis bankruptcy, so they might have lost some personal money there.
Berkshire on the other hand, BRK has about $30 billion in cash, and generates about $300 billion/year in revenue. Warren and Charlie are the big players.
