Investor Charlie Munger once again criticized digital assets
He said that they caused trouble, like from venereal diseases
This interview made the crypto community laugh and spawned new memes
Charlie Munger is an experienced investor and right-hand man of Warren Buffett. In their 22 years, he is still a full-blooded fan of the stock market. He never hides his opinion. At the annual shareholder meeting of the Daily Journal, Munger again shared his skepticism about modern technology.
Inflation is worse than the nuclear threat, cryptocurrencies are worse than venereal disease
The legendary investor is afraid of inflation and believes that this threat is as important as the nuclear threat. He recalled that it was inflation that destroyed the Roman Empire, and now he wants to destroy democracy.
Munger also once again criticized the cryptocurrency.
“I would like to ban cryptocurrencies immediately. I admire the Chinese for what they have already done. I think they were right.”
Curious, that Munger’s close friend Warren Buffett just recently invested a large amount in a bank that deals with cryptocurrencies.