“Sometimes I call it crypto crappo, sometimes I call it crypto sh-t. It’s just ridiculous that anybody would buy this stuff,” Charlie Munger said. “I’m not proud of my country for allowing this crap.”
Charlie Munger, who has called for a ban of cryptocurrencies in the U.S., slammed digital assets again on Wednesday and said anyone who opposes his position on such assets are “idiots.”
A cryptocurrency is “worthless. It’s no good. It’s crazy. It does nothing but harm and it’s antisocial’, Munger said. Munger’s latest comments come as global regulators are increasing their oversight over the crypto industry, following the collapse of several major companies last year that led to billions of dollars in losses for investors.
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