Charlie Munger expressed his views about cryptocurrency in an interview with CNBC.
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When questioned about the criticism of his view on crypto, he replied that anyone who disagrees with him is an idiot.
Munger described cryptocurrency as not slightly stupid, but massively stupid.
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He also stated that he is not proud of his country for allowing this "crap" to continue.
Munger warned that cryptocurrency is very dangerous.
He described crypto as absolutely crazy and worthless, claiming that allowing it would be anti-social.
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Munger advised intelligent people to avoid crypto and to avoid all those who promote it
In a recent op-ed, he argued that America should ban cryptocurrency altogether.
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Munger stated that crypto is not a currency, commodity, or security.
Munger's views on cryptocurrency demonstrate a clear disdain for the asset, and a belief that it represents a significant danger to investors and society at large.