Bitcoin (BTC) and cryptocurrencyAlthough the interest in cryptocurrencies is increasing day by day and cryptocurrencies are now seen as an alternative to traditional currencies, Charlie Munger, known for his anti-crypto statements, continues to criticize.
Warren Buffett’s right-hand man and vice president of Berkshire Hathaway, Charlie Munger, echoed his anti-crypto rhetoric in a recent interview with the Australian Financial Review.
Munger, who gives advice on people’s investment plans, cryptocurrencyHe said to stay away from them.
of investors cryptocurrencies Stating that they should support both fossil fuels and renewable energy instead, Munger described crypto money investments as insane:
“Investing in cryptocurrencies is not investing in anything. So never buy cryptocurrencies.
Because I consider buying or trading cryptocurrencies almost insane.”
Charlie Munger, who thinks that the crypto industry is full of bad actors selling worthless digital currencies, and that anyone who buys or sells crypto is undermining the current monetary system. “I think anyone selling these things is either delusional or bad. That’s why I’m not interested in undermining the world’s national currencies and I’m not buying crypto.” said
Munger lastly invested in to cryptocurrencies He underlined that instead of focusing on crypto, he should turn to stocks, which he sees as a superior investment tool.
Munger, who has been critical of cryptocurrencies, said earlier this year that he had never invested in cryptocurrencies and that he was proud of it, comparing cryptocurrencies to venereal disease.