Charlie Munger Attacks Crypto After FTX Crash
November 15, 2022
American billionaire investor, Charlie Munger attacks crypto
days after FTX crash.
In an interview with CNBC, he said, “This is a very,
very bad thing.”
Furthermore, he added that “The country did not need a currency that was
good for kidnappers”.
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.”
This comment comes after the crypto industry faced a tough week and
FTX filed for bankruptcy.
Munger even specified that crypto is
partly fraud and partly delusion .
Earlier, Munger’s partner Warren Buffett quoted Bitcoin as
“probably rat poison squared”.