BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

Billionaire, Charles Munger, says Bitcoin Should be Banned in New Op-Ed

BlockNews Team by BlockNews Team
February 3, 2023
in BUSINESS, CRYPTO, FINANCE, INVESTING
Reading Time: 3 mins read
1
SHARES
22
VIEWS
Share on XShare in TelegramShare on Reddit
  • Charlie Munger, Berkshire Hathaway’s billionaire Vice Chairman, calls for the US to ban Bitcoin and all cryptocurrencies.
  • Munger argues that cryptocurrencies fuel criminal activity, are too risky for investment, and goes against the interests of civilization.
  • Charlies Munger has a personal net worth of $2.4 billion and has worked closely with Warren Buffett for decades.

Berkshire Hathaway’s Vice Chairman, Charlie Munger, has been one of the most vocal critics of cryptocurrencies, and his recent remarks did not disappoint. In a recent op-ed in the Wall Street Journal, he called for Bitcoin and all crypto to be banned and stated that they were only helpful in illegal activities like extortions, kidnappings, and tax evasion. Munger also praised China for banning cryptocurrencies, saying that they were right to do so.

In the past, Munger has referred to cryptocurrencies as “rat poison” and “contrary to the interests of civilization.” He has argued that digital currencies fuel criminal activity and are too risky for investment. Despite the increasing popularity of cryptocurrencies, Munger’s views have remained the same. He stated that he regards the idea of cryptocurrencies as fundamentally flawed and that he is proud of not investing in them.

Charlie Munger’s Thoughts on US-China Relations

Munger’s views starkly contrast with many tech-savvy investors and financial experts who see cryptocurrencies as the future of money. While leaders in countries like China, Russia, and India have already banned or are considering restrictions on cryptocurrencies, the US is still mulling over a formal adoption and regulation of stablecoins at the federal level.

According to Forbes, Munger has worked closely with Warren Buffett for decades and has a personal net worth of $2.4 billion. Despite his success, Munger remains humble and has a realistic worldview. He praised China and said Americans should not criticize the country, as “they do some things better than we do.” Munger added that it was massively stupid for China and the US to allow existing tensions to arise and that the two countries should like each other.

Charlie Munger’s Views on Inflation

Crypto was only part of what Munger talked about. He also sounded more ominous about inflation, stating that it was a grave subject. He went on to say that you can argue that inflation is the way democracies die. This topic has been on the minds of many economists and financial experts, as rising inflation can lead to a decline in the purchasing power of money and ultimately harm the economy.

Despite the differences in opinion, the fact remains that cryptocurrencies continue growing in popularity and size. The total crypto market has a capitalization of over $1 trillion, with bitcoin accounting for more than $455 billion. The crypto community seems free of older investors not jumping aboard the next wave of modern technology.

Charlie Munger’s views on cryptocurrencies and other topics remain as controversial as ever. Despite the widespread popularity of cryptocurrencies, he remains steadfast in his beliefs and is unapologetic about his stance. His track record of success and long-standing relationship with Warren Buffett gives him a certain level of credibility. Whether or not his views on cryptocurrencies and other topics are correct remains to be seen, but one thing is certain – Munger’s opinions are sure to spark debates and discussions in the financial world.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Berkshire HathawayBitcoinCharles MungerChinaUS
TweetShareShare
BlockNews Team

BlockNews Team

DON'T MISS THESE! HOT OFF THE PRESS

Bitwise Files for Avalanche ETF: Here is What This Means for AVAX Holders
CRYPTO

Bitwise Files for Avalanche ETF: Here is What This Means for AVAX Holders

September 15, 2025
Dogecoin Price Prediction – Here is Why Analysts See $0.45 as the Next Target
CRYPTO

Dogecoin Price Prediction – Here is Why Analysts See $0.45 as the Next Target

September 15, 2025
Altseason Is Waking Up: Here are the Top Crypto Tokens to Buy Before You Miss Out
BITCOIN

Altseason Is Waking Up: Here are the Top Crypto Tokens to Buy Before You Miss Out

September 15, 2025
How to Trade Solana Memecoins Like the Top 1%: Fix Your Trading Strategy
CRYPTO

How to Trade Solana Memecoins Like the Top 1%: Fix Your Trading Strategy

September 15, 2025
Alex Becker Crashes PumpFun with STRSZN Token Launch: Here is What Happened
CRYPTO

Alex Becker Crashes PumpFun with STRSZN Token Launch: Here is What Happened

September 15, 2025
BNB Overtakes UBS in Market Value – Here is What’s Next for Binance Coin
BINANCE BNB

BNB Overtakes UBS in Market Value – Here is What’s Next for Binance Coin

September 15, 2025
Load More

Related News

Bitwise Files for Avalanche ETF: Here is What This Means for AVAX Holders

Bitwise Files for Avalanche ETF: Here is What This Means for AVAX Holders

September 15, 2025
Dogecoin Price Prediction – Here is Why Analysts See $0.45 as the Next Target

Dogecoin Price Prediction – Here is Why Analysts See $0.45 as the Next Target

September 15, 2025
REX-Osprey Dogecoin and XRP ETFs Set to Launch This Week – Here’s What You Need to Know

REX-Osprey Dogecoin and XRP ETFs Set to Launch This Week – Here’s What You Need to Know

September 15, 2025
Altseason Is Waking Up: Here are the Top Crypto Tokens to Buy Before You Miss Out

Altseason Is Waking Up: Here are the Top Crypto Tokens to Buy Before You Miss Out

September 15, 2025
How to Trade Solana Memecoins Like the Top 1%: Fix Your Trading Strategy

How to Trade Solana Memecoins Like the Top 1%: Fix Your Trading Strategy

September 15, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews