Charlie Munger is no fan of crypto. As vice chairman of the nearly $700 billion megaconglomerate Berkshire Hathaway, Munger has helped Warren Buffett make billions for investors since 1978 using a strict fundamentals-based approach to acquiring “high-quality businesses.”
And he believes cryptocurrencies represent the opposite strategy, arguing that the entire industry is “partly fraud and partly delusion.” In 2021, Munger famously called the world’s leading digital asset, Bitcoin, “rat poison,” and likened other cryptocurrencies to a type of “venereal disease.” Now he says the federal government should step in and ban the entire industry.
