Charlie Munger Criticizes Cryptocurrency Again, Says He Will Not Be Involved In This Case

12月
03
2021-12-3 20:49
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[Charlie Munger has previously criticized cryptocurrencies and said he will not participate in the trade] On December 3 billionaire businessman Charlie Munger announced on Friday that Munger was at Sonheart & Mind. The racism of cryptocurrencies and the gold rush comes from the market. The 97-year-old trader said that despite his long career, investment in cryptocurrencies has reached unprecedented levels. Referring to the internet boom of the 1990s, he added, “In terms of measurement, the internet boom looks crazier than it is now. But more generally, I think these times are crazier than the Internet age. He will not participate in this market and hopes that cryptocurrencies will not be created. (Cryptodaly)

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The crypto community has responded to Charlie Munger's criticism of cryptocurrencies. It's no surprise that at his age he couldn't understand new technology.
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. He will not participate in this market and hopes that cryptocurrencies will not be created. He agreed, saying China's crypto ban was decisive. Since then, many in the crypto community have reacted to Munger's recent comments on bitcoin, warning that it's no surprise at this age that Munger can't focus on newer technologies like bitcoin. Synthetix founder Kain Warwick added that although Munger was ready to make money selling quality products, Berkshire Hathaway was Coca-Cola's biggest business partner and Coca-Cola was seen as "a major contributor to many health problems ". Jamil Hasan, executive director of Crypto Corner, an encryption and blockchain podcast series, points out that Munger's reluctance to invest in crypto shouldn't hurt the industry. Will Charlie too. This is something I don't want. "(Cointégraphe)
2021-12-3 20:51

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