Charlie Munger calls crypto an investment in nothing

Charlie Munger has hit out at cryptocurrencies again.

The 98-year-old billionaire, this time, said that he would never in his life touch any of them.

“I think anybody that sells this stuff is either delusional or evil. I won’t touch the crypto,” Munger said in an interview with the Australian Financial Review.

Munger is the vice president of Berkshire Hathaway and the right-hand man of the legendary investor Warren Buffett, the chairman and CEO of the Nebraska-based multinational conglomerate whose history dates back to 1839.

Munger, the vice president of Berkshire Hathaway and the right-hand man of the legendary investor Warren Buffett, elaborated further on crypto, saying that the only correct approach to this “mass folly” is its “total avoidance.”

Munger also argued that a much better investment would be purchasing shares in companies that have “real interest in real businesses.”

This is not the first time Munger has weighed in on the crypto debate.

He made headlines in the past when called Bitcoin a “delusion” and “rat poison squared.”

Earlier this year, he said he was proud he never invested in cryptocurrencies, comparing them to “venereal disease.”

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