Crypto Sellers Branded Delusional By Charlie Munger, Who Maintains He'll Never Purchase It.

28 Jul 2022, 08:00

Crypto Sellers Branded Delusional By Charlie Munger, Who Maintains He’ll Never Purchase It Berkshire Hathaway’s Charlie Munger does not like crypto and has not relented in propagating that. The 98-year-old American billionaire investor has publicly disparaged crypto enthusiasts and anyone who invests in the asset class, this time, branding anyone who “sells” crypto “delusional or evil,” as he maintains that he will never touch it. Charlie Munger thinks crypto is an investment into nothing Munger’s advice on investment choices was sought in an interview with The Australian Financial Review, an Australian business newspaper. The nonagenarian gave a few tips ranging from the proper outlook on macroeconomic policies, including inflation, to the significance of fossil fuels and renewables. He also discussed crypto. According to Munger, crypto as an investment ultimately amounts to nothing. “I don’t want to buy a piece of nothing, even if somebody tells me they can’t make more of it,” he said, “I regard it as almost insane to buy this stuff or to trade in it.” Munger further likened the crypto markets to “an open sewer, full of malicious organisms,” stating how he shuns the space and would advise everyone else to do the same.