Famous billionaire Charlie Munger, Warren Buffet’s right-hand man, stated that Bitcoin (BTC) and cryptocurrencies are a gamble, and suggested that the USA should follow China in this regard.
Charlie Munger February 1 on On The Wall Street Jorunal In his article, he wrote that thousands of cryptocurrencies have been issued in the USA in the last few years and that any of them without passing inspection noted that it was offered to the public.
The famous investor is clearly a gambling The US almost completely banning cryptocurrencies in the approach to cryptocurrencies, which it describes as Tile He suggested that he should be a role model.
Stating that cryptocurrencies are a gamble that gives all the advantage to the safe, Munger said that only one of the cryptocurrencies profit of exporters he said he was out. The famous investor should follow the example of the US authorities as another case if 1700’s after the massive destruction of South Sea stocks in the early years It was the decision of the British Parliament.
of the British Parliament South Sea post- one hundred for the year common stock stock trading that you forbid Drawing attention, Munger pointed out that the country continued to grow and develop after this ban.
South Sea in the 1700s by ocean trade is a company engaged in and listed on the stock exchange. 1719 from the year 1720 share price by mid-year close to 10 floors has increased. However, later lack of demand because of below the export price until drop lived and a great to the economic depression Caused.
