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”.