Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, says people who oppose banning cryptocurrencies are “idiots,” adding that it’s “just ridiculous” anybody would buy crypto. He also likened replacing national currencies to replacing air, stating that “It’s massively stupid.”
Berkshire Vice Chair Charlie Munger Says Replacing National Currencies Is Like Replacing Air
Berkshire Hathaway Vice Chairman Charlie Munger continued his insults against cryptocurrency and its supporters Wednesday during a live-streamed interview with CNBC at the Daily Journal’s annual shareholders meeting.
Referencing his recent opinion piece in the Wall Street Journal stating that cryptocurrency should be banned, the 99-year-old executive insisted there is no “rational” argument against his position of banning crypto. He opined:
I think the people that oppose my position are idiots … It’s just ridiculous that anybody would buy this stuff.
“You can think of hardly nothing on Earth that’s done more good to the human race than currency — national currencies. They were absolutely required to turn man from a goddamn successful ape into modern successful humans and…
