{"id":85492,"date":"2023-10-09T13:41:05","date_gmt":"2023-10-09T10:41:05","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85492"},"modified":"2025-09-12T23:38:00","modified_gmt":"2025-09-12T20:38:00","slug":"charles-munger-warns-most-cryptocurrencies-could-fall-to-zero","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/charles-munger-warns-most-cryptocurrencies-could-fall-to-zero\/","title":{"rendered":"Charles Munger Warns Most Cryptocurrencies Could Fall to Zero"},"content":{"rendered":"

The majority of investments in digital assets will be completely devalued, said Berkshire Hathaway vice chairman Charles Munger during an online Zoomtopia conference. Fortune<\/a> reports.<\/p>\n

\n

“Don’t make me start talking about Bitcoin. That’s the stupidest investment I’ve ever seen,” fumed the 99-year-old Munger.<\/p>\n<\/blockquote>\n

The entrepreneur is a staunch opponent of cryptocurrencies and blockchain technologies. 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 he described cryptocurrencies as ‘an investment in nothing’ and praised China<\/a> for their ban.<\/p>\n

During a recent meeting with Warren Buffett’s business partner, he also spoke about his attitude toward artificial intelligence. In his view, the technology ‘has sparked a buzz, but probably more hype than it deserves’.<\/p>\n

He noted that AI has actually existed for quite a long time \u2014 its roots go back to the 1950s.<\/p>\n

\n

“We have always had artificial intelligence. It’s when software creates even more software,” stressed the vice chairman of Berkshire Hathaway.<\/p>\n<\/blockquote>\n

Earlier in an interview with CNBC<\/a> Munger acknowledged the high importance of breakthroughs in artificial intelligence. However, he added that he is skeptical of the ‘hype’ around the technology.<\/p>\n

Earlier in February 2022, the Berkshire Hathaway vice chairman criticized<\/a> U.S. authorities for failing to ban cryptocurrencies and called ‘idiots’ all who disagree with his position.<\/p>\n","protected":false},"excerpt":{"rendered":"

The majority of investments in digital assets will be completely devalued, said Berkshire Hathaway vice chairman Charles Munger.<\/p>\n","protected":false},"author":1,"featured_media":85493,"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],"class_list":["post-85492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-charlie-munger","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85492","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=85492"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85492\/revisions"}],"predecessor-version":[{"id":85494,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85492\/revisions\/85494"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/85493"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=85492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=85492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=85492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}