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November 15, 2022 at 02:36 PM
Berkshire Hathaway Inc.’s Charlie Munger doubled down on his criticism of digital assets in the wake of FTX’s collapse.
“It’s partly fraud and partly delusion,” Munger, vice chairman of Berkshire Hathaway said on CNBC Tuesday. “That’s a bad combination. I don’t like either fraud or delusion. And the delusion may be more extreme than the fraud.”
The 98-year-old billionaire has long been a critic of Bitcoin, previously calling it “stupid and evil.”
He has also previously urged cryptocurrencies to be banned.
