97-year-old investment veteran Charlie Munger is continuously scolding cryptocurrencies just like Bitcoin. Through the crypto community quickly responded to the latest comments
Charlie Munger is a famous naysayer and has provided some fresh comments on the crypto industry. He argued that the present crypto ecosystem is even crazier than the dot-com era. He stated:
“I think the dot com boom was crazier in terms of valuations than even what we have now,”
A number of people in the community of crypto have subsequently reacted to Munger’s latest comments on Bitcoin. Further, many have pointed out that incapability to understand new tech like Bitcoin at his age is not a surprise.
Charlie Munger also added that he is never going to buy a cryptocurrency. Also, he wishes they’d never been invented.
Moreover, Jamil Hasan, a program director of the crypto and blockchain podcast series The Crypto Corner, said that the industry should not be bothered by Munger. He also stated that it’s okay if Mungar is not investing in Crypto. Further, he added:
“I’m ok if Charlie Munger doesn’t buy crypto. I’m certain Charlie buys some things that I don’t need.
In addition, Some crypto industry players also emphasised that China attempted to ban Bitcoin multiple times in the past years. Though, it did not prevent the cryptocurrency from spiking over 5,000%.
Lastly, some investment legends like Munger keep maintaining a hard stance on crypto, other investment giants such as SkyBridge Capital are getting increasingly bullish on Bitcoin.
