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The cryptocurrency community has ridiculed well-known Bitcoin (BTC) critic Charlie Munger, vice chairman of Berkshire Hathaway, for calling the United States to follow in the footsteps of China and ban crypto.In an op-ed article in The Wall Street Journal, the 99-year-old investment veteran has once again slammed crypto, calling a cryptocurrency
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"Instead, it’s a gambling contract with a nearly 100% edge for the house, entered into in a country where gambling contracts are traditionally regulated only by states that compete in laxity," Munger wrote. "The U.S. should now enact a new federal law that prevents this from happening." Source
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Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, has commented on the collapse of crypto exchange FTX, stating that “it is partly fraud and party delusion.” Noting that “the country did not need a currency that’s good for kidnappers,” he stressed: “I basically like the existence of the
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Berkshire Hathaway CEO Warren Buffett says he won’t buy all the bitcoin in the world for $25. Meanwhile, his longtime business partner and right-hand man, Charlie Munger, says bitcoin is stupid and evil, noting that the cryptocurrency makes him look bad. Warren Buffett Explains Why He Won’t Buy Bitcoin Warren Buffett and
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Charlie Munger, the ancient vice chairman of Berkshire Hathaway and Warren Buffet’s right hand man, has no issue with providing his honest thoughts on cryptocurrency: He hates it. Speaking at a shareholder’s Q&A session at the annual meeting for LA-based newspaper company, Daily Journal Corp, the 98-year-old investing icon likened crypto
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Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, says China did the right thing to “ban” cryptocurrencies, including bitcoin. He wishes that cryptocurrencies had never been invented, emphasizing that he will not participate in the crypto boom. He considers “this era even crazier than the dot-com era.” Warren Buffett’s
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As 97-year-old investment veteran Charlie Munger continues scolding cryptocurrencies like Bitcoin (BTC), the crypto community quickly responded to his latest comments.On Friday, the vice-chairman of Warren Buffett’s Berkshire Hathaway spoke of crypto at Australia’s investor event, the Sohn Hearts & Minds Conference, reiterating his extreme skepticism to the industry, local
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The creator of Litecoin, Charlie Lee, continues to guide us through memory lane. For part one, he took us through Litecoin’s fair launch. Considering the small number of projects that have managed to do that, it was a pretty big achievement. Today, for part two, we’re going to cover the
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The creator of Litecoin, Charlie Lee, is ready to celebrate the project’s 10th anniversary. And, what better way to do it than by giving the public the oral history of Litecoin? Of course, that’s a figure of speech. Since it’s 2021, he gave us that “oral history” through a Twitter
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