Berkshire Hathaway’s Charlie Munger criticizes crypto delusion

Bloomberg/Aisha S. Gani/11-15-2022graphic illustration of walking the plank

“’It’s partly fraud and partly delusion,’ Munger, vice chairman of Berkshire Hathaway said on CNBC Tuesday. ‘That’s a bad combination. I don’t like either fraud or delusion. And the delusion may be more extreme than the fraud.'”

USAGOLD note: Munger holds nothing back in his criticism of cryptocurrencies. We find it extraordinary that some investors appear to be buying the dip (Or is it walking the plank?) ……

 

 

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