Charlie Munger: US made 'huge mistake' allowing crypto trading

#CharlieMunger #CharlieMungercrypto #DailyJournal
Charlie Munger, Chairman of the Daily Journal and Vice Chairman of Berkshire Hathaway gives his thoughts on cryptocurrency markets and exchanges.
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[mckenziesystem]

If they can not control it, they do not like it.

[wotanmituns]

Blockchain is more traceable and auditable than paper fiat currency.

[craetondadonbeats]

He speaking facts the markets are rigged

[derekaase]

This guy is a wake up call to all of us! He is the system!

[CASADELSOULVIDMIXTV]

These old badgers of the legacy system are pissed that their exclusive wealth hoarding club is falling apart. ✌️

[ramvasudev]

"Bitcoin is worthless artificial gold" - Charlie Munger

"It is a delusion."- Warren Buffet

[bill]

Unbelievable, I can’t believe this type of old think is still able to get air time. I’m no spring chicken but I realize you have to either evolve or get out of the way.

[jasonbutler]

He basically doesn’t want anyone else to make a good decent living and become wealthy

[Dave-zlky]

Charlie Munger: Only Coke, Costco, and Hathaway are good and he already made all the money in them.

[athena]

"There is no greed, only envy." - Charlie Munger. Have to agree with him on that one.

[rookiebird]

Textbook says fiat money has no value. Then we should all dump fiat.

[Lyfeioz]

The fact is that he exemplified that he does understand “it” is a clear indicator that he does not understand “it”. In my humble opinion. The world isn’t what it was 75 years ago…

[Mr.bllunt]

The rich""government" don't want the poor to become rich that's when I say f the system

[johnstibal]

Not sure why Charlie thinks he should be running the economy. The whole point to capitalism is letting free people decide where it's best to invest and let them deal with the consequences. The problems are generally created when banks hand out loans that aren't collateralized properly or when the Fed keeps rates low forever etc etc etc.

[zachscheiny]

Crypto = Nothing. Stock = Business ownership

[THIZxDICK]

it's weird how no one wants our people to have non back-breaking ways to make money. like im poor and i have a little bit of money to day trade i can only make 3 trades a week because i have under 30k. they make it impossible for us the uneducated to really progress. most of us in the stock market just have a 401k which they make trades for us. so i would have to say whats is the point of not having crypto market when there was a ton of crimes done before that era. i see crimes every day where ceo make crazy money. that cant be in the best interest of the shareholders. raising prices in there stores how does this affect the poor. These old fucks have fucked up quality of life at an exponential rate.

[veronica]

Finally some sensible opinion about the cryptocurrencies.

[redman]

rich old men don't like young men becoming

[tyrellrutledge]

Did he just say ONLY THE RICH SHOULD GET RICHER?

[Chilltothend]

Charlie Munger: "Crypto traders 'want to get rich quick' without doing 'anything for civilization."

Since when has profit making, "EVER", been about civilization?
It certainly hasn't been about Western Civilization profiting through investing in China, establishing a strong Anti-Western authoritarian state whose ambitions are not profit, but to establish power and control, especially over rights and freedoms of western civilization.