Charlie Munger says buying crypto is investing in nothing - and he avoids it like a dirty sewer
Charlie Munger slammed crypto as worthless and dangerous, and urged investors to avoid it, and called crypto an "open sewer" and sellers "delusional or evil."
Munger also brushed off inflation and the stock-market downturn, and touted fossil fuels' longevity.
$Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$ $Dogecoin (DOGE.CC)$ $Dogecoin (DOGE.CC)$ $Camber Energy (CEI.US)$ $Occidental Petroleum (OXY.US)$ $Exxon Mobil (XOM.US)$ $Apple (AAPL.US)$ $Berkshire Hathaway-A (BRK.A.US)$
Munger also brushed off inflation and the stock-market downturn, and touted fossil fuels' longevity.
$Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$ $Dogecoin (DOGE.CC)$ $Dogecoin (DOGE.CC)$ $Camber Energy (CEI.US)$ $Occidental Petroleum (OXY.US)$ $Exxon Mobil (XOM.US)$ $Apple (AAPL.US)$ $Berkshire Hathaway-A (BRK.A.US)$
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BAG FINDER GENERAL : What he's said is partly true but It depends on which cryptocurrency you're talking about. To say there all worthless is a stupid thing to say. Bitcoin is the obvious choice along with ethereum if you are going to invest in crypto but XRP and XLM have actually real world uses.
This man doesn't know what he is talking about and needs to research more on what XRP is being used for. Banks all over the world are using XRP so to say its useless is ridiculous.
However this geezer is very old and probably can't wrap his head around the idea of anything digital
Sg-Jin : Love the see the bears frantically trying to build more narrative to try tank the price
I’m just happy to dca at these levels and put into a hardware wallet.
Time isn’t on the bears side, give it 2-3 months maximum and will be starting to climb up the mountain again with the fed pivot.
Chris_67 : He probably couldn’t start up a computer without help.