Charlie Munger, vice-chairman of Berkshire Hathaway, said at the annual shareholder meeting on Feb. 15 that he was ashamed of the U.S. government’s approach to regulation so far.
He called for a total ban on cryptocurrencies and called those who believe in them “idoits.” Charlie Munger said that cryptocurrencies are very stupid and very dangerous. It is completely wrong for the US government to allow this. I will not be proud of allowing cryptocurrencies in the United States. I think cryptocurrencies are ‘shit’.