Charlie Munger, billionaire investor and vice chairman of Berkshire Hathaway, has once again criticized cryptocurrencies, calling them 'massively stupid'
Munger claimed that there is no good argument on the other side, and intelligent people should avoid all those who promote it., the vice chairman of Omaha-headquartered multinational conglomerate holding company Berkshire Hathaway recently published a Wall Street Journal op-ed, in which he argues that the U.S. should impose a blanket ban on digital assets.
The prominent investor is convinced that cryptocurrency is just “a gambling contract,” not a security or commodity. Munger has been a staunch critic of the flagship cryptocurrency for a long time. In 2022, he said that the bellwether digital asset was likely to lose all of its value. In the past, the investor also draw parallels between crypto and venereal diseases.
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