Charlie Munger on crypto: ‘I wish it had been banned immediately

#CharlieMunger #CharlieMungercrypto
Daily Journal Chairman and Berkshire Hathaway Vice Chairman Charlie Munger discusses cryptocurrencies and central bank digital currencies at the annual Daily Journal shareholders' meeting.
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[ojface]

This is like asking a WW1 vet what they think of the new macbook pro...

[CryptoMeme]

It threatens his way of life and wealth he’s created with the old financial system. Why would anyone listen to him in this day and time about anything to do with technology.

[yingting]

Charlie Munger: I’m proud for not investing in crypto Berkshire Hathaway stock (5y): 87% Ethereum (5y): 23, 847% Bitcoin (5y): 4, 167%

[covidisascam]

You can not ban Bitcoin. In other words he is saying stay poor you peasants don't buy Bitcoin.

[heckensteiner]

You know what other currency is useful in extortions, kidnappings, and other crimes? The US dollar. Or any currency for that matter. Next argument please.

[john-lenin]

Can you say old senile and out of touch?

[BitcoinHoodieGuy]

My favorite source for crypto knowledge is 98-year-old guys.

[loupasternak]

all these stupid cryptos with multi billion market caps . lol, 99.9% will go to zero . bet on it

[MarkSmithhhh]

You can't ban it lol, it's a public blockchain...there's no way to ban it...you can sort of "ban" it in a round about way by going after exchanges and what not, but as far as preventing anyone from using it, pretty tough

[dohyunio]

Once he can explain what BFT is, Ill take his opinion on crypto more seriously. Why do people like sharing opinions on what they don’t understand?

[lfatv_official]

I guess cash or fiat isn’t use to do these horrible things he describes about crypto currency 🤔

[john-lenin]

But he cornered the market on buggy whips

[benzun]

Old guys loosing their control over others. Sad

[MsLucky]

I agree! How did fake money come about?!

[ArmArmy]

Who’s laughing now? Charlie Manger’s right

[mucusofwanderhome]

Just like when the wind blows or when someone comments negatively on crypto, it will all be down 15% tomorrow. Some solid investment 😂

[laurenkaps]

Why does he even care? Crypto was not made for him or people like him. It's for the young and those, who want to take a risk and make a step into the future. I will continue investing my USDT in Bitcoin because it's the best hedge from inflation right now.

[MnaDothe]

You're doing a fantastic job! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?

[art-oen]

This guy is just way old… Let him go already and enjoy his retirement… his concept of money is as old as our banking system… These old guys did well within the old system, so why would you expect them trying to even understand the blockchain technology, and the crypto community within it.

[ironmentis]

It seems, he knows very little about bitcoin.