Charlie Munger Hated Crypto. What Can You Learn From Him Before You Invest?
Charlie Munger, the late vice-chair of Berkshire Hathaway Inc. (BRK.A, BRK.B), never minced words about his views on cryptocurrencies, calling the space “disgusting and contrary to the interests of civilization” in 2021, adding that it was mostly “useful to kidnappers and extortionists.” Later that year, he applauded the Chinese government for banning crypto outright, lamenting that “English-speaking civilization has made the wrong decision” by letting the boom run wild, and, in a 2023 Wall Street Journal op-ed he reduced the whole asset class to “a gambling contract with a nearly 100% edge for the house.”
Despite Munger’s warnings, however, the blockchain and crypto space have only continued to mature and thrive.
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