{"id":87631,"date":"2023-11-29T09:56:24","date_gmt":"2023-11-29T07:56:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87631"},"modified":"2025-09-13T13:04:08","modified_gmt":"2025-09-13T10:04:08","slug":"bitcoin-sceptic-charles-munger-dies-at-99","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-sceptic-charles-munger-dies-at-99\/","title":{"rendered":"Bitcoin sceptic Charles Munger dies at 99"},"content":{"rendered":"<p>Berkshire Hathaway vice chairman and Warren Buffett&#8217;s business partner Charles Munger has died at the age of 99, <a href=\"https:\/\/www.reuters.com\/business\/berkshire-hathaway-vice-chairman-charlie-munger-dies-99-2023-11-28\/\"> Reuters<\/a>.<\/p>\n<p>In recent years he was known for his outspoken remarks against digital gold.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-842.webp\" alt=\"1-842\" class=\"wp-image-221081\"\/><figcaption class=\"wp-element-caption\">Charles Munger. Data: Reuters.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cBerkshire Hathaway would not have achieved its current status without Charlie\u2019s inspiration, wisdom and involvement,\u201d<\/em> Buffett, his friend and Berkshire Hathaway partner, paid tribute to Munger.<\/p>\n<\/blockquote>\n<p>Over the past 44 years the company they run has delivered a compound annual growth rate in book value in<a href=\"https:\/\/en.wikipedia.org\/wiki\/Berkshire_Hathaway\"> ~20%<\/a> \u2014 twice the S&#038;P 500 index.<\/p>\n<p>Munger was a staunch opponent of cryptocurrencies and blockchain technologies. In 2021 he<a href=\"https:\/\/forklog.com\/en\/news\/berkshire-hathaway-rules-out-investing-in-bitcoin\"> compared Tesla and Bitcoin to &#8220;lice and fleas&#8221;<\/a>, and questioned whether digital gold could be &#8220;become a global means of payment.&#8221;<\/p>\n<p>In 2022 he called cryptocurrencies \u201can investment in nothing\u201d and <a href=\"https:\/\/forklog.com\/en\/news\/charles-munger-likens-cryptocurrencies-to-a-disease-and-praises-china-for-its-ban\">praised China<\/a> for banning them. Later Munger <a href=\"https:\/\/forklog.com\/en\/news\/charles-munger-criticises-us-authorities-for-not-banning-cryptocurrencies\">criticised<\/a> U.S. authorities for not banning digital assets and called \u201cidiots\u201d all those who disagree with his stance.<\/p>\n<p>In October 2023, the former Berkshire Hathaway vice chairman<a href=\"https:\/\/forklog.com\/en\/news\/charles-munger-warns-most-cryptocurrencies-could-fall-to-zero\"> allowed<\/a> the collapse of most cryptocurrencies to zero.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Charles Munger, Berkshire Hathaway vice chairman and Warren Buffett&#8217;s business partner, died at 99, Reuters reports. In recent years he was known for outspoken remarks against digital gold.<\/p>\n","protected":false},"author":1,"featured_media":87632,"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-87631","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":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87631","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=87631"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87631\/revisions"}],"predecessor-version":[{"id":87633,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87631\/revisions\/87633"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87632"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}