Warren Buffett’s right hand man wants to ban crypto in the USA

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Last Updated on 6 November 2023 by CryptoTips.eu

Warren Buffett is without a doubt one of the best investors of the first twenty years of this century. However, ever since the Covid-19 pandemic, his company Berkshire Hathaway, which specializes in investments and insurances, has performed slightly less well.

As his right-hand man Charlie Munger is now calling onto US politicians to ban crypto in the US in an op-ed in the Wall Street Journal, crypto Twitter has one unanimous answer: an “eye roll emoji” followed by “Ok boomer.”

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Rat poison

It has long been known that Charlie Munger is not a fan of Bitcoin. In 2018, he said that the largest digital currency was essentially just “rat poison”. As Bitcoin rose from $4,000 to $69,000 in the following years, no one paid any attention to what Charlie said anymore about crypto.

Now that digital currencies see a revival in January 2023, the moment to criticize Bitcoin once again seems very badly chosen.

Munger began by thanking the Chinese government for setting a great example in being the first major country to ban crypto.

As the US and China are currently once again embroiled in some political sparring because of a white spy balloon, probably not the best strategy either. Charlie wrote:

What should the US do after a ban of cryptocurrencies is in place? Well, one more action might make sense: Thank the Chinese communist leader for his splendid example of uncommon sense.

Crypto twitter, the collection of well-known fans of Bitcoin on social media, answered in their foreseeable manner. Scott Melker, who tweets under the moniker Wolf of All Streets, replied with a link to the article and the words, “yes, but he’s 400 years old.”

To be fair, Charlie is only 99 years old, but I get Scott’s point.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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