Berkshire Hathaway Vice Chairman Charles Munger spoke of pride in not investing in digital assets
As Crypto-Auditor knows, Vice Chairman of the Board of Directors of Berkshire Hathaway and longtime partner of Warren Buffett Charles Munger, 98, at the annual meeting of the Daily Journal in Los Angeles, said he was proud that he did not invest in digital assets, writes Bloomberg. Munger also compared cryptocurrency with a venereal disease.
“I have not invested in cryptocurrencies. I’m proud to have avoided it. It resembles something like a venereal disease,” the investor said.
The businessman noted that he has a negative attitude towards cryptocurrencies because of their use by extortionists, terrorists, and persons who evade taxes. According to Munger, the US authorities should immediately ban cryptocurrency, as they did in China.
Munger is a longtime critic of cryptocurrencies. At the end of 2021, he stated that he would never buy cryptocurrency and called the complete ban on cryptocurrency transactions in China correct. In May of the same year, the businessman called bitcoin disgusting, and also stated that he hated the success of the first cryptocurrency.
In February 2020, the investor emphasized that digital money has no value, and is also used in most cases to illegally move capital.