Billionaire investor and Berkshire Hathaway Vice President Charlie Munger called cryptocurrencies “so stupid” and “ridiculous”.
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, billionaire name Munger made various statements. Munger touted cryptocurrencies as stupid and ridiculous.
Munger Shows Negative Attitude Towards Cryptocurrencies
Berkshire Hathaway Vice 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 stated that he questioned why cryptocurrencies were bought or used. The billionaire expressed his concerns about governments’ decisions to allow cryptocurrencies. In addition, Munger stated that cryptocurrencies are harmful and will take an anti-social stance against this situation.
In addition, Munger claimed that the Chinese leader who banned cryptocurrencies at the time was right and that the bans would be correct. This attitude of the billionaire brought anti-crypto sentiment to the fore.
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