Charlie Munger Criticizes Crypto Again, Endorses Crypto Ban In China

In the December 3 news, billionaire investor Charlie Munger (Charlie Munger) spoke at the Sohn Hearts and Minds meeting on Friday, highlighting the racism of market-driven cryptocurrencies and gold. The 97-year-old trader claimed that despite his long career, cryptocurrency capitalization has reached unprecedented levels. Announcing the internet boom in the 90s, he thinks it's crazier than the internet age. “He also said he would not enter this market and hoped that cryptocurrencies would not be created. He accepted the crypto ban in China and he believed it was a cut. (cryptodaily)