Charlie Munger says he wishes cryptocurrencies had ‘never been invented’ and admires China for banning them - these old men are deciding about the whole world's future and what information people are accessing...

This isn’t a new stance for the 97-year-old vice chairman of Berkshire Hathaway. In May, during a Q&A session at Berkshire’s annual shareholder meeting, Munger said that his dislike for bitcoin increased amid the Covid-19 pandemic.“Of course I hate the bitcoin success,” he said. “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air.”“I think I should say modestly that the whole damn development is disgusting and contrary to the interests of civilization,” Munger added.https://ift.tt/3Eoxdgq

Submitted December 04, 2021 at 02:29AM