Berkshire’s Charlie Munger Says ‘Ridiculous’ Anybody Would Buy Crypto — ‘It’s an Absolute Horror’ – Featured Bitcoin News
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Berkshire Hathaway Vice Chairman Charlie Munger recently shared his opinion on cryptocurrencies and the crypto market. In a CNBC interview, Munger said that anyone who would buy crypto is “ridiculous” and that the market is “an absolute horror.”
Munger, who is a long-time business partner of Warren Buffett, has had a long-standing negative view of cryptocurrencies. He has previously called Bitcoin a “noxious poison” and has gone as far as to compare investing in cryptocurrencies to “trading turds.”
Munger’s latest comments come after a period of relative quiet from him on the subject of crypto. His negative opinion on the market has not changed and he made it clear that he does not think highly of anyone who would invest in crypto.
Munger went on to say that cryptocurrencies are “worthless artificial gold” and that the market is a “tulip bulb mania.” He said that the market is full of “pump and dump” schemes and that people who get involved in the market are “not smart.”
Munger’s comments are in line with the views of many other prominent investors and financial experts. Warren Buffett has also spoken out against cryptocurrencies, calling them “rat poison squared” and saying that they have “no unique value at all.”
While Munger and Buffett may not be fans of crypto, the market has continued to grow and attract more investors. The total market capitalization of cryptocurrencies is now over $2 trillion and the market is continuing to expand.
It is clear that Munger is not a fan of cryptocurrencies and is not likely to change his opinion anytime soon. However, his comments should be taken with a grain of salt as the market continues to grow and evolve.
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