Charlie Munger Asks US Authorities to Ban Crypto

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Charlie Munger, Vice President of Berkshire Hathaway, believes that it is necessary to destroy Bitcoin, as according to him, investing in the asset is the same as gambling.

He has said in an interview with the Wall Street Journal that the cryptocurrency industry is undermining the stability of the global financial sector. According to him, Bitcoin cannot be considered as an asset class as it has no value.

He has been expressing this point of view over the past few years. For example, he has previously emphasized that criminal communities and various swindlers use cryptocurrency.

Now he is calling on the US authorities to deal a devastating blow to the cryptocurrency market.