Home Opinion Billionaire Investor, Charlie Munger stirs reactions after saying he ‘wished cryptocurrencies had ‘never been invented’

Billionaire Investor, Charlie Munger stirs reactions after saying he ‘wished cryptocurrencies had ‘never been invented’

by Nwani Chisom
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Oyogist has learned that Billionaire investor, Charlie Munger has stirred massive Reactions online after expressing his view regarding crypto.

“I wish they’d never been invented,” Munger said at a conference in Sydney, as a massive crowd booed towards him.

“I admire the Chinese, I think they made the correct decision, which was to simply ban them,” Munger added.

This year, interest in digital assets noticed a significant increase, as the cryptocurrency market in General surpassed a market value of $3 trillion.

But Charlie Munger claimed the bitcoin success was contrary to the interest of civilization.

“Of course I hate the bitcoin success,” he said.

“I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air.”

“I think I should say modestly that the whole damn development is disgusting and contrary to the interests of civilization,” Munger added.

 

 

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