Crypto Opinions & News Charlie Munger Slams Cryptocurrency Again

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upnorth

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Jul 27, 2015
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When a 99 year old man says that "cryptocrapo" is for "idiots" and banning it is not a bad idea, many might think it's an "Old man yells at cloud" moment.

But this actually happened on Wednesday and the almost-centenarian was Charlie Munger – vice chair of Berkshire Hathaway and one of the most successful investors of all time. So his opinion about what he also calls "cryptoshit" carries some weight regardless of his age. Munger once described Bitcoin as "disgusting and contrary to the interests of civilization" and revisited the topic when asked during the annual shareholders meeting of the Daily Journal Corporation, a US publishing company he chairs. As Munger's opinions are widely sought, the meeting is now streamed [video].
 

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