Billionaire Charlie Munger Refers Crypto As Worthless

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.

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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.

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Munger warned that cryptocurrency is very dangerous.

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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

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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.

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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.

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