“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 on cryptocurrencies in the U.S., slammed digital assets again Wednesday and had a single choice word for those who oppose his position on the asset category:“Sometimes I call it crypto crappo, sometimes I call it crypto sh—. It’s just ridiculous that anybody would buy this stuff,” Munger said at the annual shareholder meeting of Daily Journal Corp. on Wednesday. “I’m not proud of my country for allowing this crap,” Munger added.
Munger is a shareholder and board member of Daily Journal, and stepped down as chairman of the Los Angeles–based newspaper company last year. Munger is, of course, best known as vice chairman of Berkshire Hathaway Inc. BRK.A, +0.02% BRK.B, +0.02%, where he is often regarded as Warren Buffett’s righthand man.
Bitcoin BTCUSD, +0.24% rallied more than 8% on Wednesday to $24,000-plus, though that’s still 65% lower than the all-time high of 2021, according to CoinDesk data.
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