Why does charlie Munger hate Crypto? HINDI ME

How is charlie Munger?

billionaire investor, Former real estate attorney, and businessman. He is vice chairman of Berkshire Hathaway, Warren Buffett's conglomerate, and has been described as his "closest collaborator and right-hand man" by Buffett.

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According to The Australian Financial Review, Munger said at the Sohn conference in Sydney on Friday, "I wish they'd never been invented."

"I appreciate the Chinese, and I think they made the right decision in banning cryptocurrency," Munger continued.

Charlie Munger, a billionaire investor, is still a skeptic about Bitcoin.

Interest in digital assets has soared this year, with the cryptocurrency market temporarily topping a market value of $3 trillion in November and leading coins such as bitcoin reaching new highs.

I'm not a fan of a currency that's so handy to kidnappers, extortionists, and other criminals, and I'm not a fan of handing up your extra billions of dollars to someone who simply made up a new financial product out of thin air."

They would argue that bitcoin is a reliable peer-to-peer payment system.

"It's really more of a man-made gold replacement.

And since I've never bought gold, I've never bought bitcoin "In February, Munger spoke at the Daily Journal's annual shareholders meeting. "