Legendary Investor Charlie Munger Slams Crypto, Says Industry a Mix of Fraud and Delusion
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Legendary Berkshire Hathaway investor Charlie Munger has major criticisms of the crypto space in light of the recent FTX collapse. In a new interview with CNBC’s Squawk Box, Munger asserted a skeptical view on crypto and its effects on the world. “It pains me that in my own country, I see people that are regarded as very reputable people, helping these things exist, promoting their use and so forth. This is a very, very bad thing. The country doesn’t need a currency that’s good for kidnappers and so on… There are people who think that they just have to be
Bitcoin Magazine Morgan Stanley Plans To Offer Bitcoin And Crypto Trading To E-Trade Clients Bloomberg reports that the Wall Street giant is in the early stages of planning to add spot Bitcoin and crypto trading capabilities to its ETrade brokerage platform. The project aims to allow ETrade’s retail clients to…
Bitcoin Magazine Russia Is Using Bitcoin and Crypto For Its Oil Trades with China and India Amid ongoing sanctions over the war in Ukraine, Russia has turned to bitcoin and other cryptocurrencies to facilitate some of its oil trade with major buyers China and India. According to a Reuters report,…