HOW? He is joking, it doesn't imply this at all

They *are* both limited in their views by their positions, agree. But i think they are being honest

Let's be honest now amongst ourselves

It IS highly risky, and in a normal world it WOULD be illegalized pretty quickly and die out. In a normal world these guys are right: rat poison.

But, this is not a normal world we are living in. We are living in a world that's in some serious s*** . For example , read Bill Gross's last 2 reports (twitter: PIMCO). To say that we could be due another financial catastrophe in the medium term future is not controversial. I think most investors expect that at least when the fed raises rates, there is going to be a huge financial disaster (but that could be a long time away). If they carry on printing money , perhaps there will be more trouble before then. The question is not, will there be a financial collapse, it's when will it happen. Nobody knows: this is not a normal economic situation; it is unprecedented. It could continue like this for a decade or more, or the shit could hit the fan tomorrow. IMO, the key to the bitcoin investment story is context, something which is not mentioned in this interview.

Lets not also forget, the likes of Charlie Munger, Warren Buffett, Bill Gates - they have built their fortunes in 'normal economies' ; they are not accustomed to the current economic situation.