Legendary Investor Charlie Munger Slams Crypto, Says Industry a Mix of Fraud and Delusion

Legendary Investor Charlie Munger Slams Crypto, Says Industry a Mix of Fraud and Delusion


Legendary Berkshire Hathaway investor Charlie Munger has major criticisms of the crypto space in light of the recent FTX collapse.

In a new interview with CNBC’s Squawk Box, Munger asserted a skeptical view on crypto and its effects on the world.

“It pains me that in my own country, I see people that are regarded as very reputable people, helping these things exist, promoting their use and so forth. 

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This is a very, very bad thing.

The country doesn’t need a currency that’s good for kidnappers and so on…

There are people who think that they just have to be on every deal that is hot. And they don’t care whether it’s child prostitution or Bitcoin. If it’s hot, they want to be in on

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