Crypto is like ‘venereal disease’ and should be banned: Charlie Munger

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Former Berkshire Hathaway vice president and Warren Buffett right -hand man Charlie Manger has no problem expressing his true views on cryptocurrency: He hates it.

LA Daily News Corp. Speaking during a question-and-answer session at the newspaper’s annual meeting, the 98-year-old investment figure compared Krypton to a sexually transmitted disease.

“Of course I didn’t invest in cryptocurrency. I’m proud to say I didn’t. It’s like a venereal disease.”
Munger continued to disrespect Bitcoin and other cryptocurrencies, adding: “I wish I was banned right away.” They were right and we made a mistake when we forgave them. ”

Munger and Buffett are not known for criticizing and underestimating the rise of cryptocurrency. Buffett has previously ridiculed Bitcoin for being a “no-holds-barred” asset, calling it a “poisonous area of ​​the mouse” and calling it a “fraudulent scam.”

The cryptocurrency created by Munger is not reflected in Berkshire Hathaway’s new thesis on mitigating the impact of cryptocurrency.

Berkshire Hathaway said in a Feb. 14 report that it increased cryptocurrency risk by buying a $ 1 billion stake in Nubank, Brazil’s largest fintech bank, popular among Brazilian crypto investors.

Greg Weissman, co-founder and chief executive officer of Mercury’s crypto wallet services, Berkshire now supports it, adding: “Nubank’s investment can be seen as a way to support fintech / crypto world without criticizing Buffett’s past. ” hence the “digital currency ecosystem”.

Related: Warren Buffett doesn’t want to have cryptocurrency

Crypto Twitter was quick to respond to Munger’s comments about digital assets.

@gmoneyNFT Monger’s latest comment is a mockery of the 225,000 followers:

@ cryptonator1337 Aiming at Munger, he told 35k listeners that Munger may not be the best person when it comes to new technologies.

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