The only reason Buffett & Munger hate bitcoin is because it takes a portion of investment capital away from them. Bitcoin is a new technology & people hate change. Younger people are far more likely to invest in bitcoin than Berkshire Hathaway, that’s the real & only reason they hate bitcoin because it’s taking food off their table.
Just like the dinosaurs, investors like Buffett & Munger are becoming extinct.
Bitcoin is doing to finance what email did to physical letters/mail.
Adapt or die!
I like and respect Warren Buffet a lot. On the other hand, I definitely agree with your point. Looking at the history of finance, we see that finance is always in evolution and in history, there was always some kind of resistance when getting into new phases but it didn't prevent that evolution from happening.