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Charlie Munger says the U.S. should follow in China's footsteps and ban cryptocurrencies - TL;DR CNBC

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

Tickers: BTC.CM=BRK.A

Keywords: stock marketsinvestment strategyberkshire hathaway inccharlie mungerwarren buffettwall streetcryptocurrencybreaking news: businessbreaking news: marketsbreaking news: investingchinabusiness newsmarketsunited states

Source: https://www.cnbc.com/2023/02/02/charlie-munger-us-should-ban-cryptocurrencies.html


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