Charlie Munger: Cryptocurrencies Are an Investment in Nothing
Charlie Munger, vice chairman of Berkshire Hathaway, has again criticized digital assets in an interview with Australian Financial Review.
The billionaire has stressed he is not interested in undermining national currencies and has urged never to invest in this new asset class.
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According to him, the only right approach to this «massive stupidity» is its «total avoidance.» He has added:
«I think anybody that sells this stuff is either delusional or evil. I’m not interested in undermining the national currencies of the world.»
Munger has added that the best investment would be to buy shares in stocks that are «really interested in real business.»
Right now, Berkshire Hathaway has a capitalization of more than $612 billion and is the seventh largest corporation in the world.