Anti-Bitcoin Investment Legend Dies at 99

Charlie Munger, best known as the right-hand man of investment legend Warren Buffet, died today at the age of 99. The American billionaire is considered a major critic of Bitcoin (BTC) and cryptocurrencies in general, but is still a true icon who will never be forgotten in the investment world.

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The investment phenomenon is dying

Munger was vice chairman of Berkshire Hathaway, an American multinational corporation led by Buffet. The investment company announced the sad news in a press release today.

“Berkshire Hathaway was informed minutes ago by family members of Charlie Munger that he passed away peacefully this morning in a California hospital.”

Munger and Buffet are often mentioned together due to their long-standing business partnership and success in the financial world. Buffet has expressed his appreciation for Munger’s invaluable contribution to his company’s success:

“Berkshire Hathaway could not have grown to its current status without Charlie’s inspiration, wisdom and involvement.”

Munger’s criticism of Bitcoin and crypto

Munger is considered one of the smartest investors of his generation, but crypto investors might have a different opinion. Like Buffet, he would rather lose Bitcoin and cryptocurrencies than get rich.

In 2013, Munger compared Bitcoin to rat poison. There are many critics from Bitcoin’s early years who have changed their minds today, but Munger has never had a positive word to say about anything crypto-related.

Even at the age of 99, Munger has still made strong statements about Bitcoin and cryptocurrencies in general. He recently called Bitcoin “the dumbest investment ever.” He also said this about crypto earlier this year:

“It’s absurd, it’s not the least bit stupid, it’s extremely stupid and it’s very dangerous. It was completely wrong for governments to allow this to happen. I’m not proud that my country allows this crypto crap, it’s worthless, it’s no good, it’s crazy, it will only do harm.”

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