Charlie Munger says the U.S. should follow in China's footsteps and ban cryptocurrencies
Publishing timestamp: 2023-02-02 20:02:15
Summary
Charlie Munger, Vice Chairman of Berkshire Hathaway, has urged the US government to ban cryptocurrencies, as China has done, arguing that lack of regulation has enabled gambling mentality. He and his business partner Warren Buffett have long been skeptics of cryptocurrencies, contending they are not tangible or productive assets. He has suggested two precedents that the US could follow in order to take sound action.
Sentiment: NEGATIVE
Keywords: stock markets, investment strategy, berkshire hathaway inc, charlie munger, warren buffett, wall street, cryptocurrency, breaking news: business, breaking news: markets, breaking news: investing, china, business news, markets, united states,
Source: https://www.cnbc.com/2023/02/02/charlie-munger-us-should-ban-cryptocurrencies.html