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– Advertisement – The passing of Munger at the age of 99 brings his openly critical views on Bitcoin and its digital counterparts back into focus. His comments ranged from labeling cryptocurrencies as “crypto nonsense” to considering them a direct threat to the traditional financial system. His criticism was not limited to Bitcoin; he extended his reaction to the entire crypto market, emphasizing his belief in the superiority of traditional financial systems. Berkshire Hathaway’s renowned vice chairman, Charlie Munger, passed away at the age of 99: What were Munger’s thoughts on Bitcoin and cryptocurrencies? A Look at Charlie Munger’s Crypto Views Charlie Munger, the renowned vice chairman of Berkshire Hathaway, left an indelible mark not only with his value investment predictions but also with his candid and often harsh views on cryptocurrencies. The passing of Munger at the age of 99 brings his openly critical views on Bitcoin and its digital counterparts back into focus. This article is primarily a compilation of his most striking comments on the subject, showcasing his unwavering stance against Bitcoin. Munger’s criticisms, each marked by his signature candor, spread across various platforms. His comments ranged from labeling cryptocurrencies as “crypto nonsense” to considering them a direct threat to the traditional financial system. Many times, he equated investing in cryptocurrencies to gambling, highlighting the inherent volatility and speculative nature. In a notable interview with The Wall Street Journal on November 15, 2023, Munger saw the advent of Bitcoin in the sophisticated realm of finance as a “bad-smelling bomb.” He viewed cryptocurrencies as disruptive elements with no real productive value. His criticism was not limited to Bitcoin; he extended his reaction to the entire crypto market, emphasizing his belief in the superiority of traditional financial systems. This perspective was particularly evident in the annual shareholder meeting of…

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Filed under: News - @ December 1, 2023 1:20 pm