Charlie Munger Attacks Crypto After FTX Crash

American billionaire investor, Charlie Munger attacks crypto days after FTX crash.

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In an interview with CNBC, he said, “This is a very, very bad thing.”

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Furthermore, he added that “The country did not need a currency that was good for kidnappers”.

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Munger famously known as Warren Buffett's right hand said “There are people who think they’ve got to be on every deal …whether it’s child prostitution or bitcoin.”

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This comment comes after the crypto industry faced a tough week and FTX filed for bankruptcy.

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Munger even specified that crypto is partly fraud and partly delusion.

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Earlier, Munger’s partner Warren Buffett quoted Bitcoin as “probably rat poison squared”.

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