Simple Money Goal
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Top News
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Top News
No Result
View All Result
Simple Money Goal
No Result
View All Result
Home Investing

Legendary Investor and Bitcoin Skeptic Charlie Munger Dies at 99

by
November 29, 2023
in Investing
0
Legendary Investor and Bitcoin Skeptic Charlie Munger Dies at 99

Source: X/ @MnkeDaniel

The financial world bids farewell to Charlie Munger, the distinguished investor and long-time collaborator of Warren Buffett, who passed away at the age of 99 on November 28.

Munger’s demise marks the end of an era, leaving behind a legacy of impactful contributions to the investment landscape, notably during his tenure at Berkshire Hathaway alongside Buffett.

Munger Wanted to Ban Bitcoin


While Munger’s financial prowess earned him accolades, he was equally known for his opposition to Bitcoin and other cryptocurrencies.

His critical stance on Bitcoin was evident in his public statements, branding the digital currency as “disgusting and contrary to the interests of civilization.”

Munger’s skepticism was rooted in Bitcoin’s notorious volatility and the absence of regulatory frameworks.

Of particular concern to Munger was Bitcoin’s potential misuse in criminal activities, including kidnapping and extortion.

He vocally advocated for a U.S. ban on cryptocurrencies, citing their unregulated and predatory nature.

In a candid interview, Munger expressed his reservations about a currency that could be exploited by criminals, stating, “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth.”

Despite acknowledging Bitcoin’s rise, Munger begrudgingly referred to it as an “artificial substitute for gold,” comparing it to an unattainable pursuit. Even in the face of Bitcoin’s success, he maintained a critical perspective, stating during a Berkshire Hathaway shareholder meeting, “Of course, I hate the Bitcoin success.”

The passing of Charlie Munger marks a significant moment in financial history, triggering reflections on his outspoken views that have fueled extensive discussions within the financial sector.

The post Legendary Investor and Bitcoin Skeptic Charlie Munger Dies at 99 appeared first on Cryptonews.

Previous Post

KyberSwap’s $47 Million Hacker to Propose Deal in Upcoming Statement

Next Post

Bitfinex’s Tokenized Bond Falls Short of Investment Target, Raises Only $1.5M of Expected $10M

Next Post
Bitfinex’s Tokenized Bond Falls Short of Investment Target, Raises Only $1.5M of Expected $10M

Bitfinex’s Tokenized Bond Falls Short of Investment Target, Raises Only $1.5M of Expected $10M

Subscribe to Simplemoneygoal.com

    Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year
    Politics

    Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year

    August 30, 2025
    Retail panic: What the end of the ‘de minimis’ exemption means for brands across the globe
    Politics

    Retail panic: What the end of the ‘de minimis’ exemption means for brands across the globe

    August 29, 2025
    Cracker Barrel rebrand: Why companies retreat when faced with consumer criticism
    Politics

    Cracker Barrel rebrand: Why companies retreat when faced with consumer criticism

    August 29, 2025
    Trump accused Fed governor Lisa Cook of mortgage fraud. That can be hard to prove, experts say.
    Politics

    Trump accused Fed governor Lisa Cook of mortgage fraud. That can be hard to prove, experts say.

    August 29, 2025
    • About us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2023 Daily Trading Digest. All Rights Reserved.

    No Result
    View All Result
    • Economy
    • Editor’s Pick
    • Investing
    • Politics
    • Stock
    • Top News

    Copyright © 2023 Daily Trading Digest. All Rights Reserved.