Charlie Munger Argues Cryptocurrencies Are “Stupid” - Coinleaks
Current Date:November 7, 2024

Charlie Munger Argues Cryptocurrencies Are “Stupid”

billionaire investor and Berkshire Hathawayvice president Charlie Mungerof cryptocurrencies “so stupid”And “funny”he said it was.

The global spread of cryptocurrencies brings with it many different views. There is an increase in the number of those who think that cryptocurrencies are digital freedom, as well as money laundering and ponzi schemes. In the midst of these situations, the billionaire name Mungermade various statements. Mungerlaunched cryptocurrencies with the terms stupid and ridiculous.

Munger Shows Negative Attitude Towards Cryptocurrencies

Berkshire Hathawayvice president Charlie Munger used the terms “cryptocrapo” and “cryptocrabble” when talking about cryptocurrencies. With these terms, the billionaire pointed out that cryptocurrencies are a worthless and not good product.

In light of the harsh words he used, Munger expressed that he questioned why cryptocurrencies were bought or used. Billionaire expressed their concerns about governments’ decisions to allow cryptocurrencies. Moreover Munger, that cryptocurrencies are harmful and against this situation antisocialHe said he would take a stand.

Moreover Munger, timely banning cryptocurrencies Chinese claimed that the leader was right and that the prohibitions would be right. This attitude of the billionaire brought anti-crypto sentiment to the fore.