Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Charlie Munger: Digital currencies are a destabilizing and unproductive financial invention
2023-11-05 10:38
Odaily News Berkshire Hathaway Vice Chairman Charlie Munger once again made sharp criticism of Bitcoin and other cryptocurrencies in a recent interview with the Wall Street Journal. He views digital assets as a destabilizing and unproductive financial invention and likens Bitcoin to throwing a stinky ball into the refined recipe of traditional finance. He emphasized the importance of strong currency in the transition from primitive society to advanced civilization, noting that whether it was shells or gold coins, the solidity of currency was always the most important. (U.Today) According to previous news, Charlie Munger criticized cryptocurrencies in a Zoom meeting. Asked about his views on Bitcoin and other cryptocurrencies, he noted: “Don’t get me talking about Bitcoin, it’s the dumbest investment I’ve ever seen. Most investments are going to zero.”