Charles Munger: Most Cryptos Will Collapse

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Berkshire Hathaway’s Vice President, Charles Munger, has recently joined a long list of elderly billionaires criticizing Bitcoin.

Munger has been vocal about cautioning investors against buying volatile cryptocurrencies over the past few years.

In fact, he even went as far as to say that Bitcoin holders risk losing all their investments at any given point, highlighting the unpredictability of the market.

At a Zoomtopia conference this week, Munger once again expressed her disdain for the cryptocurrency market. He referred to those who hold virtual assets as foolish and remained firm in her belief that Bitcoin and other cryptocurrencies hold no value in the future.

His prediction for the digital asset market is bleak, as she believes that most of these investments will eventually plummet to zero, lacking any substantial backing.

Munger’s statement serves as a warning to investors to thoroughly understand the risks involved before investing in digital assets.