Crypto Sellers Branded Delusional By Charlie Munger, Who Maintains He’ll Never Purchase It

Crypto Sellers Branded Delusional By Charlie Munger, Who Maintains He’ll Never Purchase It
фото показано с : zycrypto.com

2022-7-28 15:39

Berkshire Hathaway’s Charlie Munger does not like crypto and has not relented in propagating that. The 98-year-old American billionaire investor has publicly disparaged crypto enthusiasts and anyone who invests in the asset class, this time, branding anyone who “sells” crypto “delusional or evil,” as he maintains that he will never touch it.

Charlie Munger thinks crypto is an investment into nothing 

Munger’s advice on investment choices was sought in an interview with The Australian Financial Review, an Australian business newspaper. The nonagenarian gave a few tips ranging from the proper outlook on macroeconomic policies, including inflation, to the significance of fossil fuels and renewables. He also discussed crypto.

According to Munger, crypto as an investment ultimately amounts to nothing. “I don’t want to buy a piece of nothing, even if somebody tells me they can’t make more of it,” he said, “I regard it as almost insane to buy this stuff or to trade in it.” Munger further likened the crypto markets to “an open sewer, full of malicious organisms,” stating how he shuns the space and would advise everyone else to do the same.

He, however, pointed to stock in established companies as an alternative option for anyone who feels the need to invest in crypto assets. Besides his take on crypto, Munger also talked about inflation and how he believes hikes in interest rates to combat inflation are likely to impact the stock market and firms’ valuations adversely.

Berkshire Hathaway’s Buffett has also expressed his dislike for crypto 

Charlie Munger seems to be at the forefront of the crypto criticism line – the businessman has seized every opportunity to downplay the crypto space. In February of this year, at a Daily Journal Corp’s meeting, he called crypto a “venereal disease,” stating that he never invested in crypto assets and is proud of that choice.

He further stated that he wishes Bitcoin had been banned immediately, revealing his admiration towards China for refusing the asset class. “I just regard it as beneath contempt,” he added.

Two months before that, he noted that he would not want any crypto investors marrying his family. But Munger isn’t the only Berkshire Hathaway staffer with contempt for crypto; as CEO of the multinational conglomerate and Munger’s long-term business partner, Warren Buffett, has also expressed his dislike for crypto, previously calling it ‘rat poison.’

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

crypto charlie munger anyone delusional maintains branding

crypto charlie → Результатов: 126


Blockstream’s Samson Mow and Monero’s Leader Talk About Tron’s Controversies in the Space

Justin Sun, the CEO and Founder of Tron (TRX), has been involved in different controversies over the past years. During the last episode of Magical Crypto Friends, Riccardo Spagni, Charlie Lee, Whale Panda and Samson Mow, talked about Justin Sun and how he promoted and developed the Tron Network. Justin Sun Criticized By Crypto Figures […]

2019-4-14 18:14


Riccardo Spagni Discusses Bitcoin and Monero’s Native Token Supply in Recent Podcast

Blockstream CSO Samson Mow, recently appeared on the latest iteration of the Magical Crypto Friends Podcast where he discussed his firm's latest “Green wallet” offering. Additionally, during the course of the conversation, podcast hosts Monero's Riccardo Spagni and Litecoin Creator Charlie Lee went on to discuss a number of other events/topics currently surrounding the world […]

2019-4-14 17:37


Monero’s [XMR] Riccardo Spagni gives insight into Bitcoin and Monero’s supply

Samson Mow, the CSO of Blockstream, recently spoke about Blockstream’s Green wallet, on the latest episode of Magical Crypto Friends. Magical Crypto Friends is a series where Samson Mow, Riccardo Spagni, core developer of Monero, WhalePanda, a Bitcoin proponent, and Charlie Lee, Creator of Litecoin, discuss the events surrounding the cryptocurrency space.

2019-4-14 04:30


Tron’s [TRX] Justin Sun a good example of ‘fake it till you make it,’ says Samson Mow

Justin Sun, CEO and Founder of Tron Foundation, was the subject of discussion on the latest episode of Magical Crypto Friends. Riccardo Spagni, the lead maintainer of Monero, Charlie Lee, the creator of Litecoin, WhalePanda, a Bitcoin influencer, and Samson Mow, the CSO of Blockstream, discussed the failed Tesla giveaway and Justin Sun’s keynote at […] The post Tron’s [TRX] Justin Sun a good example of ‘fake it till you make it,’ says Samson Mow appeared first on AMBCrypto.

2019-4-14 02:30


Фото:

Litecoin Just a ‘Glorified Testnet of BTC?’ Charlie Lee Won’t Take It Lying Down, Fires Back at Novogratz

There is a mini-Twitter war brewing between Litecoin creator Charlie Lee and Mike Novogratz, Bitcoin bull and founder of the crypto merchant bank, Galaxy Digital. The war of words may not be as intense as, say, the one between Justin Sun and Vitalik Buterin, but the topic at the heart of the debate is contentious […] Litecoin Just a ‘Glorified Testnet of BTC?’ Charlie Lee Won’t Take It Lying Down, Fires Back at Novogratz was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2019-4-5 15:59


Фото:

Litecoin Plays For K-Pop Fans

You might not know this piece of history, but it took a boy band from South Korea to displace Justin Bieber as top social artist at the Billboard Music Awards in 2017. Mastermind marketer and Litecoin creator Charlie Lee is now capitalizing on K-Pop fever, and the Litecoin Foundation is going where no leading crypto […] The post Litecoin Plays For K-Pop Fans appeared first on Crypto Briefing.

2019-3-1 22:39


Founder Charlie Lee Warns Users About Fake Litecoin Telegram Groups Scamming People

During the last year, several scams affected crypto users. Even after a whole year and several warnings, these scammers continue to operate. This time, Charlie Lee, the founder of the popular digital asset Litecoin (LTC), informed that there are several fake Litecoin groups that are scamming people. In general, the most used social media platform […]

2019-1-16 07:38