{"id":74300,"date":"2023-02-18T10:51:57","date_gmt":"2023-02-18T08:51:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74300"},"modified":"2025-09-09T19:16:11","modified_gmt":"2025-09-09T16:16:11","slug":"charles-munger-criticises-us-authorities-for-not-banning-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/charles-munger-criticises-us-authorities-for-not-banning-cryptocurrencies\/","title":{"rendered":"Charles Munger criticises US authorities for not banning cryptocurrencies"},"content":{"rendered":"

Berkshire Hathaway vice-chair Charles Munger, at the Daily Journal annual meeting, called ‘idiots’ all those who disagree with his stance on the need to ban cryptocurrencies. This is reported by MarketWatch<\/a>.<\/p>\n

\n

“I am not proud of my country for allowing this stuff. [\u2026] It\u2019s simply funny that anyone buys this [digital assets],” he said.<\/p>\n<\/blockquote>\n

Munger also noted the ‘uselessness’ of cryptocurrencies.<\/p>\n

\n

“That is not good. It\u2019s crazy. It only harms. And it is antisocial,” he added.<\/p>\n<\/blockquote>\n

Earlier, the Berkshire Hathaway vice-chair urged the US authorities to follow China’s example and ban digital assets<\/a>. In his view, they cannot be classified as currencies, commodities, or securities.<\/p>\n

In 2021, Munger compared Tesla and Bitcoin to ‘lice and fleas’<\/a>, and questioned the ability of digital gold to ‘become a global means of payment’.<\/p>\n

In 2022, Charles Munger called cryptocurrencies an ‘investment in nothing’ and compared them to “a venereal disease”<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Berkshire Hathaway vice-chair Charles Munger called ‘idiots’ all those who disagree with his stance on the need to ban cryptocurrencies.<\/p>\n","protected":false},"author":1,"featured_media":74301,"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":[1139,1138,27,26],"class_list":["post-74300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-charlie-munger","tag-opinions","tag-russia","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/74300","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=74300"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/74300\/revisions"}],"predecessor-version":[{"id":74302,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/74300\/revisions\/74302"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/74301"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=74300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=74300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=74300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}