--- title: "Meaning & Key Takeaway of: Who would want one's children growing up…" description: "\"Who would want one's children growing up buying things like bitcoin? I hope to God my family doesn't buy it. It's noxious poison.\" — Charlie Munger" image: "https://sms4smile.com/quotes/i/36f/charlie-munger-458_bitcoin_who-would-want-one-s-children-growing-up_290998.jpg" --- # Who would want one's children growing up buying things… ![“Who would want one's children growing up buying things like bitcoin? I hope to God my family doesn't buy it. It's noxious poison.” quote by Charlie Munger](https://sms4smile.com/quotes/i/36f/charlie-munger-458_bitcoin_who-would-want-one-s-children-growing-up_290998.jpg) [Download](https://sms4smile.com/quotes/i/36f/charlie-munger-458_bitcoin_who-would-want-one-s-children-growing-up_290998.jpg) [Open image](https://sms4smile.com/quotes/i/36f/charlie-munger-458_bitcoin_who-would-want-one-s-children-growing-up_290998.jpg) > “Who would want one's children growing up buying things like bitcoin? I hope to God my family doesn't buy it. It's noxious poison.” [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Munger warns that Bitcoin is harmful, likening it to a poisonous influence on families. **In simple terms:** Bitcoin is dangerous for families. Key Takeaway Avoid investing in Bitcoin. Themes finance risk family technology Mood cautious skeptical Type warning opinion When to use this quote - personal finance decisions - family wealth planning - investment risk assessment Key Concepts speculation market bubbles behavioral economics Questions to Reflect On - Is the fear of Bitcoin justified? - What alternatives exist for wealth growth? A Different Perspective Might overlook potential benefits of blockchain technology. ★ ★ ★ ★ ★ No ratings yet [Bitcoin](https://sms4smile.com/quotes/about/bitcoin/) [Buying](https://sms4smile.com/quotes/about/buying/) [Children](https://sms4smile.com/quotes/about/children/) [Currency](https://sms4smile.com/quotes/about/currency/) [Family](https://sms4smile.com/quotes/about/family/) [God](https://sms4smile.com/quotes/about/god/) [Hope](https://sms4smile.com/quotes/about/hope/) ## Related quotes > [Activists can improve their alternative media success by embracing alternative currencies like Bitcoin.](https://sms4smile.com/quotes/max-keiser/activists-can-improve-their-alternative-media-success-by-embracing/) [Max Keiser](https://sms4smile.com/quotes/author/max-keiser/) > [Cryptocurrencies like Bitcoin are already trustless - any machine can accept it from any other, securely. They are (nearly) free. They are global -…](https://sms4smile.com/quotes/naval-ravikant/cryptocurrencies-like-bitcoin-are-already-trustless-any-machine-can/) [Naval Ravikant](https://sms4smile.com/quotes/author/naval-ravikant/) > [If you like gold, there are many reasons you should like Bitcoin.](https://sms4smile.com/quotes/cameron-winklevoss/if-you-like-gold-there-are-many-reasons-you-should-like-bitcoin/) [Cameron Winklevoss](https://sms4smile.com/quotes/author/cameron-winklevoss/) > [When the Internet first launched, you had all these newspapers saying that the Internet was only used by bad people, to do bad things…](https://sms4smile.com/quotes/brock-pierce/when-the-internet-first-launched-you-had-all-these-newspapers-saying/) [Brock Pierce](https://sms4smile.com/quotes/author/brock-pierce/) > [“There is nothing more interesting than the internet right now and the same would be said of the blockchain-powered solutions like Bitcoin and other…](https://sms4smile.com/quotes/olawale-daniel/there-is-nothing-more-interesting-than-the-internet-right-now-and-the/) [Olawale Daniel](https://sms4smile.com/quotes/author/olawale-daniel/) > [Something like bitcoin is really important because it is not correlated to the rest of the market.](https://sms4smile.com/quotes/chamath-palihapitiya/something-like-bitcoin-is-really-important-because-it-is-not/) [Chamath Palihapitiya](https://sms4smile.com/quotes/author/chamath-palihapitiya/) > [Activists need to educate themselves about the power of crypto currencies like Bitcoin, invented in 2009, and use crypto to leverage the success of…](https://sms4smile.com/quotes/max-keiser/activists-need-to-educate-themselves-about-the-power-of-crypto/) [Max Keiser](https://sms4smile.com/quotes/author/max-keiser/) > [Filecoin is a token with fundamental value. Filecoin is like Bitcoin, but miners amass hard drives instead of hashing computers.](https://sms4smile.com/quotes/juan-benet/filecoin-is-a-token-with-fundamental-value-filecoin-is-like-bitcoin/) [Juan Benet](https://sms4smile.com/quotes/author/juan-benet/) > [If money was being invented now, it wouldn't be designed to look like cash or credit cards. It would look more like Bitcoin.](https://sms4smile.com/quotes/adam-draper/if-money-was-being-invented-now-it-wouldn-t-be-designed-to-look-like/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [ You can't stop things like Bitcoin. \[...\]. It's like trying to stop gunpowder. ](https://sms4smile.com/quotes/john-mcafee/you-can-t-stop-things-like-bitcoin-it-s-like-trying-to-stop-gunpowder/) [John McAfee](https://sms4smile.com/quotes/author/john-mcafee/) > [In truth, the best Bitcoin can hope for is to be a second-rate version of gold, if that.](https://sms4smile.com/quotes/andrew-ross-sorkin/in-truth-the-best-bitcoin-can-hope-for-is-to-be-a-second-rate-version/) [Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/) > [“Using an example of how this would work in a more relatable scenario. If you were to imagine a hacker accessing the computer system…](https://sms4smile.com/quotes/chris-lambert/using-an-example-of-how-this-would-work-in-a-more-relatable-scenario/) Chris Lambert > [It is one thing to think gold has some marvelous store of value because man has no way of inventing more gold or getting…](https://sms4smile.com/quotes/charlie-munger/it-is-one-thing-to-think-gold-has-some-marvelous-store-of-value/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [That's the last thing on Earth you should think about... There's just a whole lot of things that aren't going to work for you.…](https://sms4smile.com/quotes/charlie-munger/that-s-the-last-thing-on-earth-you-should-think-about-there-s-just-a/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I regard the bitcoin craze as totally asinine to create some manufactured currency.](https://sms4smile.com/quotes/charlie-munger/i-regard-the-bitcoin-craze-as-totally-asinine-to-create-some/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) ## More by Charlie Munger > [Almost all good businesses engage in 'pain today, gain tomorrow' activities.](https://sms4smile.com/quotes/charlie-munger/almost-all-good-businesses-engage-in-pain-today-gain-tomorrow/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [If you want good behavior, don't pay on a commission basis. Our judges aren't paid so much a case. We keep them pretty well…](https://sms4smile.com/quotes/charlie-munger/if-you-want-good-behavior-don-t-pay-on-a-commission-basis-our-judges/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to…](https://sms4smile.com/quotes/charlie-munger/acquire-worldly-wisdom-and-adjust-your-behavior-accordingly-if-your/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I think time and time again, in reality, psychological notions and economic notions interplay, and the man who doesn't understand both is a damned…](https://sms4smile.com/quotes/charlie-munger/i-think-time-and-time-again-in-reality-psychological-notions-and/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I have what I call an iron prescription that helps me keep sane when I naturally drift toward preferring one ideology over another and…](https://sms4smile.com/quotes/charlie-munger/i-have-what-i-call-an-iron-prescription-that-helps-me-keep-sane-when/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [The tax code gives you an enormous advantage if you can find some things you can just sit with.](https://sms4smile.com/quotes/charlie-munger/the-tax-code-gives-you-an-enormous-advantage-if-you-can-find-some/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [The great lesson in microeconomics is to discriminate between when technology is going to help you and when it's going to kill you. And…](https://sms4smile.com/quotes/charlie-munger/the-great-lesson-in-microeconomics-is-to-discriminate-between-when/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [Some years ago one oil company bought a fertilizer company, and every other major oil company practically ran out and bought a fertilizer company.…](https://sms4smile.com/quotes/charlie-munger/some-years-ago-one-oil-company-bought-a-fertilizer-company-and-every/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [ They \[Mc Donalds\] take people and give them a first job, which enables them to get a second job. They do a very good… ](https://sms4smile.com/quotes/charlie-munger/they-mc-donalds-take-people-and-give-them-a-first-job-which-enables/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [What good is envy? It’s the one sin you can’t have any fun at.](https://sms4smile.com/quotes/charlie-munger/what-good-is-envy-it-s-the-one-sin-you-can-t-have-any-fun-at/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [We believe that almost all really good investment records will involve relatively little diversification. The basic idea that it was hard to find good…](https://sms4smile.com/quotes/charlie-munger/we-believe-that-almost-all-really-good-investment-records-will/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [It is way less certain to be a wonderful business in the future. The threat is alternative mediums of information. Every newspaper is scrambling…](https://sms4smile.com/quotes/charlie-munger/it-is-way-less-certain-to-be-a-wonderful-business-in-the-future-the/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [In the corporate world, if you have analysts, due diligence, and no horse sense, you've just described hell.](https://sms4smile.com/quotes/charlie-munger/in-the-corporate-world-if-you-have-analysts-due-diligence-and-no/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [We have to have a special insight, or we'll put it in the 'too tough' basket. All of you have to look for a…](https://sms4smile.com/quotes/charlie-munger/we-have-to-have-a-special-insight-or-we-ll-put-it-in-the-too-tough/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [I've heard that one-half of the students at elite schools want to go into private equity or hedge funds. They want to keep up…](https://sms4smile.com/quotes/charlie-munger/i-ve-heard-that-one-half-of-the-students-at-elite-schools-want-to-go/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) [Explore all 544 Charlie Munger quotes ](https://sms4smile.com/quotes/author/charlie-munger/) ## More Bitcoin quotes > [The bitcoin network is not a payments network and it is not a scaling network.](https://sms4smile.com/quotes/sam-bankman-fried/the-bitcoin-network-is-not-a-payments-network-and-it-is-not-a-scaling/) [Sam Bankman-Fried](https://sms4smile.com/quotes/author/sam-bankman-fried/) > [I had been exposed to bitcoin early. I thought the consumer application of it felt, to me, further away. I thought there would be…](https://sms4smile.com/quotes/brad-garlinghouse/i-had-been-exposed-to-bitcoin-early-i-thought-the-consumer/) [Brad Garlinghouse](https://sms4smile.com/quotes/author/brad-garlinghouse/) > [In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the…](https://sms4smile.com/quotes/steve-hanke/in-2008-bitcoin-was-mysteriously-introduced-to-the-world-in-an/) [Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/) > [We need to come up with use cases for this technology that drive clear benefits for individuals and institutions - these are our customers.…](https://sms4smile.com/quotes/abigail-johnson/we-need-to-come-up-with-use-cases-for-this-technology-that-drive/) [Abigail Johnson](https://sms4smile.com/quotes/author/abigail-johnson/) > [Sir Richard Branson started out as a small business owner and now owns a conglomerate that will give you a ride to the moon.…](https://sms4smile.com/quotes/perianne-boring/sir-richard-branson-started-out-as-a-small-business-owner-and-now/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [Exchanging bitcoin on behalf of ransomware victims should not be construed as criminal activity by the exchanger, not as a matter of law nor…](https://sms4smile.com/quotes/perianne-boring/exchanging-bitcoin-on-behalf-of-ransomware-victims-should-not-be/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [Until part of your paycheck is regularly paid in Bitcoin, I'm not sure how it would really go mainstream. I can imagine places in…](https://sms4smile.com/quotes/gavin-andresen/until-part-of-your-paycheck-is-regularly-paid-in-bitcoin-i-m-not-sure/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [Calling bitcoin volatile - it's a non-statement. Unregulated assets with unclear regulatory landscapes are always going to be volatile. That's what unregulated assets do.](https://sms4smile.com/quotes/tyler-winklevoss/calling-bitcoin-volatile-it-s-a-non-statement-unregulated-assets-with/) [Tyler Winklevoss](https://sms4smile.com/quotes/author/tyler-winklevoss/) > [We see bitcoin as potentially the greatest social network of all.](https://sms4smile.com/quotes/tyler-winklevoss/we-see-bitcoin-as-potentially-the-greatest-social-network-of-all/) [Tyler Winklevoss](https://sms4smile.com/quotes/author/tyler-winklevoss/) > [As the platform and protocol become more ingrained in society, get built into products and services, and basically become more of the mesh of…](https://sms4smile.com/quotes/barry-silbert/as-the-platform-and-protocol-become-more-ingrained-in-society-get/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [Bitcoin is not “unregulated”. It is regulated by algorithm instead of being regulated by government bureaucracies. Un-corrupted.](https://sms4smile.com/quotes/andreas-antonopoulos/bitcoin-is-not-unregulated-it-is-regulated-by-algorithm-instead-of/) [Andreas Antonopoulos](https://sms4smile.com/quotes/author/andreas-antonopoulos/) > [The rudest possible gift is a gift card. It means you think the person is stupid and has no interests. The only good gift…](https://sms4smile.com/quotes/john-waters/the-rudest-possible-gift-is-a-gift-card-it-means-you-think-the-person/) [John Waters](https://sms4smile.com/quotes/author/john-waters/) > [If the U.S. government tries to restrict or clamp down, that just means there will be many more bitcoin businesses in Hong Kong and…](https://sms4smile.com/quotes/roger-ver/if-the-u-s-government-tries-to-restrict-or-clamp-down-that-just-means/) [Roger Ver](https://sms4smile.com/quotes/author/roger-ver/) > [What bitcoin does better than the current financial system is it's a better stored value globally. There are a lot of countries that really…](https://sms4smile.com/quotes/adam-draper/what-bitcoin-does-better-than-the-current-financial-system-is-it-s-a/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [You really want some natural way for people to get Bitcoins, as part of their paycheck or some other activity so they can turn…](https://sms4smile.com/quotes/gavin-andresen/you-really-want-some-natural-way-for-people-to-get-bitcoins-as-part/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) [Browse all 364 Bitcoin quotes ](https://sms4smile.com/quotes/about/bitcoin/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Who would want one's children growing up buying things like bitcoin? I hope to God my family doesn't buy it. 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