{"id":64343,"date":"2022-07-13T14:41:41","date_gmt":"2022-07-13T11:41:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64343"},"modified":"2025-09-06T13:56:56","modified_gmt":"2025-09-06T10:56:56","slug":"charles-munger-calls-cryptocurrencies-an-investment-in-nothing","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/charles-munger-calls-cryptocurrencies-an-investment-in-nothing\/","title":{"rendered":"Charles Munger calls cryptocurrencies an &#8216;investment in nothing&#8217;"},"content":{"rendered":"<p>Charles Munger, vice chairman of Berkshire Hathaway&#8217;s board, in an interview with the <a href=\\\"https:\/\/www.afr.com\/markets\/equity-markets\/revealed-charlie-munger-s-best-investment-tips-20220705-p5az7y\\\">Australian Financial Review<\/a>, has again criticised digital assets. He said he would &#8216;never touch&#8217; any of them.<\/p>\n<p>\\n\\n<\/p>\n<p>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.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;I think anyone who sells these things is either deluded or evil. &#8230; Cryptocurrencies are an investment in nothing, and the man who tries to sell you an investment in nothing says: &#8216;I have a special kind of nothing from which it\\&#8217;s hard to make more,'&#8221; \u2014 said a close associate of Warren Buffett.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>Munger added that the best investment would be buying shares of companies that are &#8216;truly focused on real business&#8217;.<\/p>\n<p>\\n\\n<\/p>\n<p>As of writing, Berkshire Hathaway <a href=\\\"https:\/\/companiesmarketcap.com\/berkshire-hathaway\/marketcap\/\\\">\u043f\u0440\u0435\u0432\u044b\u0448\u0430\u0435\u0442<\/a> $612 \u043c\u043b\u0440\u0434. It is the seventh-largest corporation in the world.<\/p>\n<p>\\n\\n<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh4.googleusercontent.com\/veiK_20Z0jd1jcxa-Xp-SDnQ27U90arP6O_-E5bLxqxpM9Hik8nf-WlpNAthnCuJknFdRJZSJFfxZy_YV52sKthJ7hgLjW5syNm1BUIS4pOpKYoYYiH-o6uTtqbzg6iisdMIXm39O2YepHjUz1o\\\" alt=\\\"Charles Munger called cryptocurrencies 'an investment in nothing'\\\"\/><figcaption>Data: CompaniesMarketCap.<\/figcaption><\/figure>\n<p>\\n\\n<\/p>\n<p>Earlier, the vice chairman of Berkshire Hathaway <a href=\"https:\/\/forklog.com\/en\/news\/berkshire-hathaway-rules-out-investing-in-bitcoin\">compared Tesla and Bitcoin to &#8216;lice and fleas&#8217;<\/a>, and questioned whether digital gold could &#8216;become a global means of payment&#8217;.<\/p>\n<p>\\n\\n<\/p>\n<p>In December 2021, Munger stated that <a href=\"https:\/\/forklog.com\/en\/news\/buffett-associate-backs-crackdown-on-chinas-crypto-industry\">Chinese authorities had made the right decision<\/a> by banning cryptocurrencies and related activities.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier, in February 2022, the billionaire compared digital assets to a &#8216;venereal disease&#8217; <a href=\"https:\/\/forklog.com\/en\/news\/charles-munger-likens-cryptocurrencies-to-a-disease-and-praises-china-for-its-ban\">.<\/p>\n<p>\\n\\n<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The vice chairman of Berkshire Hathaway&#8217;s board, Charles Munger, in an interview with the Australian Financial Review, has again criticised digital assets. He said he would &#8216;never touch&#8217; any of them.<\/p>\n","protected":false},"author":1,"featured_media":64344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1139,1269,1138],"class_list":["post-64343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-charlie-munger","tag-cryptocurrencies","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"45","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=64343"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64343\/revisions"}],"predecessor-version":[{"id":64345,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64343\/revisions\/64345"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/64344"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=64343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=64343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=64343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}