Charlie Munger calls crypto an ‘open sewer,’ says sellers are ‘delusional or evil’
— Evil, Interview, Delusional, Sellers, Wave, Tokens, Cryptocurrency, Charlie, Calls, Munger — 1 min read
Charlie Munger calls the cryptocurrency industry a "sewer" full of bad actors selling digital coins that lack any actual value. Munger, the 98-year-old right-hand man to Berkshire Hathaway chairman Warren Buffett, has never held back his disdain for the digital tokens. He has also referred to cryptocurrency as “rat poison” and “contrary to the interests of civilization” in the recent past and asserted that it facilitates criminal activity. His latest warning comes as bitcoin and other tokens plunge to their lowest level in years as investors brace for a possible recession.Bitcoin fell nearly 3% to $19,734 as of Tuesday morning and is down more than 70% from its all-time high of $69,000 Source