{"id":4523,"date":"2024-12-20T08:32:24","date_gmt":"2024-12-20T08:32:24","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4523"},"modified":"2024-12-20T08:32:24","modified_gmt":"2024-12-20T08:32:24","slug":"gordon-johnson-revives-charlie-mungers-criticism-of-bitcoin-as-rat-poison-calls-it-worthless-with-btc-falling-below-100000-purely-speculative-tulip-thats-in-a-bubble","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4523","title":{"rendered":"Gordon Johnson Revives Charlie Munger&#8217;s Criticism Of Bitcoin As &#8216;Rat Poison,&#8217; Calls It &#8216;Worthless&#8217; With BTC Falling Below $100,000: &#8216;Purely Speculative Tulip That&#8217;s In A Bubble&#8217;"},"content":{"rendered":"<div>\n<p><strong>GLJ Research<\/strong> CEO <strong>Gordon Johnson<\/strong> intensified criticism of <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) on Thursday, echoing late <strong>Berkshire Hathaway Inc.<\/strong> Vice Chairman <strong>Charlie Munger<\/strong>\u2018s skepticism and targeting major financial institutions for their role in cryptocurrency markets.<\/p>\n<p><strong>What Happened<\/strong>: \u201cBitcoin, as Charlie Munger said, is rat poison,\u201d Johnson wrote on X. \u201cIt has no use case, generates no value\/cash-flow, &amp; is worthless.\u201d He specifically called out <strong>BlackRock Inc.<\/strong> and<strong> Fidelity Investments <\/strong>for <a href=\"https:\/\/www.benzinga.com\/24\/12\/42609778\/blackrocks-bitcoin-explainer-casts-aspersions-on-apex-cryptos-supply-capobservers\">profiting from trading fees<\/a> while fueling what he describes as a speculative bubble.<\/p>\n<p>Johnson\u2019s comments come as <a href=\"https:\/\/www.benzinga.com\/trading-ideas\/movers\/24\/12\/42608314\/bitcoin-ethereum-dogecoin-retreat-further-as-crypto-liquidations-top-1-billion-analyst-lays-out-scenario-for-btc-losing-96k-support\">Bitcoin trades near $97,843<\/a>, after recently surpassing the $100,000 mark. He emphasized that crypto miners quickly convert Bitcoin to traditional currency to &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42610523\/charlie-mungers-bitcoin-warning-reignites-as-gordon-johnson-calls-king-crypto-worthless-wi\" alt=\"Gordon\" johnson revives charlie munger criticism of bitcoin as poison calls it with btc falling below speculative tulip that in a bubble>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>GLJ Research CEO Gordon Johnson intensified criticism of Bitcoin (CRYPTO: BTC) on Thursday, echoing late Berkshire Hathaway Inc. Vice Chairman Charlie Munger\u2018s skepticism and targeting major financial institutions for their role in cryptocurrency markets. What Happened: \u201cBitcoin, as Charlie Munger said, is rat poison,\u201d Johnson wrote on X. \u201cIt has no use case, generates no [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-4523","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4523"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4523\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}