Mathisen Marketing

Your Marketing Blog

Berkshire’s Charlie Munger Says ‘Ridiculous’ Anybody Would Buy Crypto — ‘It’s an Absolute Horror’ – Featured Bitcoin News

Berkshire's Charlie Munger Says 'Ridiculous' Anybody Would Buy Crypto — Likens Replacing National Currencies to Replacing Air

As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

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.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts

  • Record-Breaking 164 Million Daily Transactions, Market Cap Reaches $2.9 Billion

    Record-Breaking 164 Million Daily Transactions, Market Cap Reaches $2.9 Billion

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase In a groundbreaking achievement, the crypto industry has witnessed a record-breaking 164 million daily transactions, with the market cap reaching a staggering $2.9 billion. This unprecedented surge in daily transactions is a testament to the growing popularity and adoption of…

    Read More

  • Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH

    Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase Ethereum, the second-largest cryptocurrency by market capitalization, is currently facing market tremors after Celsius Network, a cryptocurrency lender, offloaded a staggering $1 billion worth of ETH (Ethereum) tokens. The move by Celsius Network has raised concerns among investors and market…

    Read More

  • Binance Smart Chain (BSC) Market Cap Hits New Milestone, Registering 48% QoQ Surge

    Binance Smart Chain (BSC) Market Cap Hits New Milestone, Registering 48% QoQ Surge

    Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase Binance Smart Chain (BSC) has been making waves in the cryptocurrency world, and its market cap has recently hit a new milestone, registering a 48% quarter-over-quarter (QoQ) surge. This impressive growth is a testament to the increasing popularity and adoption…

    Read More