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Charlie Munger says crypto is a bad combo of fraud and delusion — 'good for kidnappers'

Summary by Ground News
Charlie Munger, vice chairman of Berkshire Hathaway, has never been shy to share his feelings about Bitcoin. He has long been a skeptic of digital currencies, saying he has saw no value or potential in them. The criticisms, while amped-up, are nothing new for Munger.
Published 3 months ago

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Charlie Munger says crypto is a bad combo of fraud and delusion — 'good for kidnappers'

"This is a very, very bad thing. The country did not need a currency that was good for kidnappers," Munger said in an interview with CNBC's Becky Quick Tuesday.

3 months ago·United States
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Billionaire investor Charlie Munger says crypto is rife with fraud and delusion - and praises Elon Musk, calling Tesla's success a 'minor miracle'

Warren Buffett's right-hand man said investors are too eager to buy into the latest fad, and crypto's novelty meant regulators overlooked its dangers.

3 months ago·United States
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“Buffett's best friend” Charlie Munger: “Cryptocurrency is good for kidnappers”

(New York=Yonhap News) Correspondent Kang Geon-taek = 'The Value of Investment' Warren Buffett's best friend and business partner, Vice Chairman Charlie Munger Berkshire Hathaway, will be virtual on the 15th (local time)...

3 months ago·Korea, Republic of
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Berkshire Hathaway's Charlie Munger dunks on crypto once again, saying it’s “good for kidnappers” and “not a real asset”

“Nobody’s gonna say I got some shit that I want to sell you. They say—it’s blockchain!”

3 months ago·New York, United States
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Charlie Munger: cryptocurrency is a bad combination of fraud and delusion

Warren Buffett's Berkshire Hathaway vice president is a frequent critic of Bitcoin and cryptocurrencies and has called for them to be banned

3 months ago
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Charlie Munger on crypto: It's 'partly fraud and partly delusion'

3 months ago
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Bias Distribution

50% of the sources are Center
Business Insider
CNBC
Fortune
연합뉴스-Yonhap News Agency
L 25%
C 50%
R 25%
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