Billionaire Charlie Munger Calls Crypto Investors Insane

Billionaire Charlie Munger compares crypto with “open swear.”

In an interview with the Australian Financial Review, Charlie Munger once again attacked cryptocurrencies.

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Berkshire Hathaway’s billionaire called the crypto sector a “sewer” full of bad actors selling digital coins that lack any actual value.

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“I just avoid it as if it were an open sewer, full of malicious organisms,” Munger said in the interview.

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According to him, investors have to be “almost insane” to invest in cryptocurrencies.

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“I think anybody that sells this stuff is either delusional or evil. I won’t touch crypto,” Berksire Hathway’s vice chairman declared.

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Charlie Munger further opined that he doesn’t want to devalue national currencies of the world by investing in crypto.

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Considered the right hand of Warren Buffet, Munger had earlier called crypto a “venereal disease” that he was glad to have avoided.

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