In this statement, Charlie Munger contrasts the perceived value of gold as a rare and valuable asset with the potential for Bitcoin's supply to change over time. Gold is often valued because it is scarce and difficult to obtain, but Munger suggests that humans have shown ingenuity in finding ways around scarcity issues in other contexts. He implies skepticism about the assurances given regarding the fixed nature of Bitcoin’s supply.
Munger delves deeper into the idea that human creativity and innovation can disrupt even systems thought to be rigidly controlled by rules or principles. The quote hints at a broader theme: trust should not be placed unquestioningly in any system or asset, as unforeseen developments might alter established perceptions and mechanisms. By drawing attention to historical precedents where limitations were overcome through technological advances or human ingenuity, Munger encourages critical thinking about the long-term sustainability of current systems that claim immutability.
Charlie Munger is a prominent investor and business partner of Warren Buffett at Berkshire Hathaway. Known for his sharp insights into economics and human psychology, he often speaks candidly on various topics, including finance and technology. His perspective in this quote reflects his broader philosophy of questioning conventional wisdom and anticipating potential changes that could impact long-held beliefs about assets and their value.
