Billionaire venture capitalist investor Christian Angermayer had some harsh words for the world of social media this week.

Angermayer, who is the founder of Apeiron Investment Group, told Bloomberg this week that social media is "toxic to our brains". 

Speaking at the Bloomberg Technology Summit, he also claimed that within two decades, society will have "found ways" to live with the technology - but, until then, the "adjustment period can be extremely devastating."Angermayer, also known for being a proponent of eating magic mushrooms, has said that psychedelic drugs could be "the best tool we have" to improve mental health.