{"id":375901,"date":"2021-12-03T15:15:16","date_gmt":"2021-12-03T12:15:16","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-community-responds-to-charlie-munger-yelling-at-bitcoin-again\/"},"modified":"2021-12-03T15:15:16","modified_gmt":"2021-12-03T12:15:16","slug":"crypto-community-responds-to-charlie-munger-yelling-at-bitcoin-again","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-community-responds-to-charlie-munger-yelling-at-bitcoin-again\/","title":{"rendered":"# Crypto community responds to Charlie Munger yelling at Bitcoin again"},"content":{"rendered":"<p>&#8220;<strong># Crypto community responds to Charlie Munger yelling at Bitcoin again <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvYzQ5MDhiZDctODdjYi00NDE4LWExYzgtZGIwMTUwMGYxYjMwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>As 97-year-old investment veteran Charlie Munger continues scolding cryptocurrencies like Bitcoin (BTC), the crypto community is quick to respond to his latest comments.<\/p>\n<p>The vice-chairman of Warren Buffett\u2019s Berkshire Hathaway spoke of crypto at Australia&#8217;s investor event, the Sohn Hearts and Minds conference, on Friday, reiterating his extreme skepticism to the industry, local <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> agency The Sydney Morning Herald <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.smh.com.au\/business\/banking-and-finance\/charlie-munger-says-investing-climate-crazier-than-dot-com-era-20211203-p59ehk.html\">reported<\/a>.<\/p>\n<p>A known cryptocurrency naysayer, Munger has provided some fresh remarks on the crypto industry, arguing that the current crypto ecosystem is even crazier than the dot-com era overall. \u201cI think the dot com boom was crazier in terms of valuations than even what we have now,\u201d he noted.<\/p>\n<p>Munger also stressed that he supported China\u2019s latest attempt to ban cryptocurrency and crackdown on \u201csome of the exuberances\u201d of capitalism, stating:<\/p>\n<blockquote><p>\u201cBelieve me, the people who are creating cryptocurrencies are not thinking about the customer, they are thinking about themselves [&#8230;] \u200b\u200bI want to make my money by selling people things that are good for them, not things that are bad for them.\u201d<\/p><\/blockquote>\n<p>A number of people in the crypto community have subsequently reacted to Munger\u2019s latest comments on Bitcoin, with many pointing out that incapability to understand new tech like Bitcoin at his age is not a surprise.<\/p>\n<p>\u201cI\u2019m never going to buy a cryptocurrency. I wish they\u2019d never been invented,\u201d Munger added.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Imagine, he is 97 years old.<\/p>\n<p>He was alive when ford invented the Model T (almost).<\/p>\n<p>I guess holding stocks takes ages to make a profit. Leave the poor man alone, he is just shocked we are pumping 1300% weekly.<\/p>\n<p>Different times old man.<\/p>\n<p>\u2014 The Crypto Head  (@TheCryptoHead) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheCryptoHead\/status\/1466645482210570240?ref_src=twsrc%5Etfw\">December 3, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Synthetix founder Kain Warwick also emphasized that despite Munger\u2019s willingness to make money by selling good things, Berkshire Hathaway is the largest shareholder of Coca-Cola, which is <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.medicalnewstoday.com\/articles\/297600\">supposed<\/a> to be a \u201csignificant contributor to many health conditions.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Charlie munger: I want to make my money by selling people things that are good for them, not things that are bad for them.<br \/>Also Charlie Munger: load up on some more of that high fructose corn syrup kiddies! Isn\u2019t it just dandy! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/xnefgTmLho\">https:\/\/t.co\/xnefgTmLho<\/a><\/p>\n<p>\u2014 kain.eth \u2694\ufe0f (@kaiynne) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/kaiynne\/status\/1466627257967857667?ref_src=twsrc%5Etfw\">December 3, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Jamil Hasan, program director of crypto and blockchain podcast <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> The Crypto Corner, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoHipster\/status\/1466643431225180165?s=20\">noted<\/a> that the industry should not be bothered by Munger not investing in crypto:\u00a0\u201cI\u2019m ok if Charlie Munger doesn\u2019t buy crypto. I\u2019m certain there are some things that Charlie buys that I don\u2019t need.\u201d<\/p>\n<p>Some crypto industry players also emphasized that China attempted to ban Bitcoin multiple times over the past eight years but it did not prevent the cryptocurrency to surge over 5,000%.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Charlie Munger: I&#8217;m glad China banned <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a><\/p>\n<p>Bitcoin: Up 5585% since China&#8217;s first ban in 2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Pu6MdsBJxZ\">pic.twitter.com\/Pu6MdsBJxZ<\/a><\/p>\n<p>\u2014 Blockworks (@Blockworks_) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Blockworks_\/status\/1466724097371561984?ref_src=twsrc%5Etfw\">December 3, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><em>Related:\u00a0Institutional managers bought the dip as crypto funds see $154M in weekly inflows<\/em><\/strong><\/p>\n<p>While some investment legends like Munger keep maintaining a hard stance on crypto, other investment giants like\u00a0Skybridge Capital are getting increasingly bullish on Bitcoin.\u00a0 As such,\u00a0Anthony Scaramucci\u2019s platform for investing in hedge funds <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/video\/2021\/12\/02\/anthony-scaramucci-on-why-hes-going-all-in-on-crypto-exposure.html\">grew<\/a> its exposure to crypto-related assets by nearly 150% in Q3.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-community-responds-to-charlie-munger-yelling-at-bitcoin-again\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Crypto community responds to Charlie Munger yelling at Bitcoin again &#8221; As 97-year-old investment veteran Charlie Munger continues scolding cryptocurrencies like Bitcoin (BTC), the crypto community is quick to respond to his latest comments. The vice-chairman of Warren Buffett\u2019s Berkshire Hathaway spoke of crypto at Australia&#8217;s investor event, the Sohn Hearts and Minds conference,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":375902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvYzQ5MDhiZDctODdjYi00NDE4LWExYzgtZGIwMTUwMGYxYjMwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,74355,70758,73711],"class_list":["post-375901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-adoption","tag-berkshire-hathaway","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/375901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=375901"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/375901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/375902"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=375901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=375901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=375901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}