Billionaire Charlie Munger: Cryptocurrency is 'crazy, stupid gambling,' and 'people who oppose my position are idiots' (via CNBCMakeIt)
during Wednesday's annual shareholder meeting of the Daily Journal Corporation, a publishing company where he's a director.
"Sometimes I call it crypto 'crappo,' sometimes I call it 'crypto s---.' It's just ridiculous that anybody would buy this stuff," Munger, 99, told CNBC's Becky Quick during a livestream of the event, adding: "It's totally absolutely crazy, stupid gambling.", security, better transaction speeds and lower costs than traditional financial institutions., doesn't buy it.
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