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Wish cryptocurrencies had never been invented, says Charlie Munger
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Billionaire investor Charlie Munger Friday criticised cryptocurrencies again. "I wish they had never been invented," he reportedly said at a Sohn conference in Sydney.Munger said, "I admire the Chinese, I think they made the correct decision, which was to simply ban them," according to a CNBC report that quoted the Australian Financial Review.During Berkshire Hathaway's annual shareholders meeting in May, the company's 97-year old vice-chairman, had said he hated the bitcoin success and believed 'the whole damn development is disgusting and contrary to the interests of civilization'.But Munger is not alone in his disdain for cryptocurrency.
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