Charlie Munger says he needs cryptocurrencies had ‘never been invented’ and admires China for banning them – these previous males are deciding about the entire world’s future and what data individuals are accessing…

This isn’t a brand new stance for the 97-year-old vice chairman of Berkshire Hathaway. In May, throughout a Q&A session at Berkshire’s annual shareholder assembly, Munger stated that his dislike for bitcoin increased amid the Covid-19 pandemic.

“Of course I hate the bitcoin success,” he stated. “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air.”

“I think I should say modestly that the whole damn development is disgusting and contrary to the interests of civilization,” Munger added.

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