Charles Munger, vice chairman of Berkshire Hathaway’s board, in an interview with the Australian Financial Review, has again criticised digital assets. He said he would ‘never touch’ any of them.
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The 98-year-old billionaire noted that he is not interested in undermining national currencies. Munger urged never to invest in a new asset class. In his view, the only proper approach to this mass folly is its complete avoidance.
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“I think anyone who sells these things is either deluded or evil. … Cryptocurrencies are an investment in nothing, and the man who tries to sell you an investment in nothing says: ‘I have a special kind of nothing from which it\’s hard to make more,'” — said a close associate of Warren Buffett.
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Munger added that the best investment would be buying shares of companies that are ‘truly focused on real business’.
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As of writing, Berkshire Hathaway превышает $612 млрд. It is the seventh-largest corporation in the world.
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Earlier, the vice chairman of Berkshire Hathaway compared Tesla and Bitcoin to ‘lice and fleas’, and questioned whether digital gold could ‘become a global means of payment’.
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In December 2021, Munger stated that Chinese authorities had made the right decision by banning cryptocurrencies and related activities.
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Earlier, in February 2022, the billionaire compared digital assets to a ‘venereal disease’ .
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