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Charlie Munger, vice president of Berkshire Hathaway, is concerned about the recent appreciation of Bitcoin, up 112% this year. In conversation with The Wall Street Journal, the billionaire called cryptocurrency “artificial money”, noting that it is not the evolution of money.
Known for being Warren Buffett's right-hand man, Munger is one of Bitcoin's biggest critics. As an example, he suggested that the US should follow in China's footsteps and ban cryptocurrencies.
Bitcoin represents financial freedom, challenging bankers and governments who resist its decentralized power. (Fsociety)
I think calling him a critic is giving him to much credit. He clearly doesn't understand it has I've only ever heard him make derogatory comments. Nothing that resembles critical thought.
Example. He calls it rat poison. Which I do like. Its rat poison for the state.
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