“I think the Communist Chinese were wiser than we were. They just banned it,” said Charlie Munger about crypto. cryptocurrency bitcoin $BTC
Berkshire Hathaway's Charlie Munger Says Government Should Ban Bitcoin — Calls Crypto 'Venereal Disease'
The Berkshire Hathaway vice chairman replied: “If you stop to think about it, it’s an ideal currency if you want to commit extortion, or kidnapping, or have a protection racket or something.” I don’t think it’s good that our country is going crazy over bitcoin and its ilk. I think the Communist Chinese were wiser than we were. They just banned it.“No,” he replied. “You let a bad genie out of a bottle, God knows what happens.” The Berkshire executive opined:Munger proceeded to comment on crypto regulation.
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