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Charlie Munger doesn’t know what’s worse: Tesla at $1 trillion or bitcoin at $50,000

Charlie Munger doesn’t know what’s worse: Tesla at $1 trillion or bitcoin at $50,000



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  1. He won’t be around long enough to see cryptos evolve

    “I don’t think I know what the future of banking is, and I don’t think I know how the payment system will evolve,” he said. “I do think that a properly run bank is a great contributor to civilization and that the central banks of the world like controlling their own banking system and their own money supplies.”

    “So I don’t think bitcoin is going to end up the medium of exchange for the world. It’s too volatile to serve well as a medium of exchange. And it’s really kind of an artificial substitute for gold. And since I never buy any gold, I never buy any bitcoin.”

  2. fuck Charlie Munger, taking advice from a guy who at the end of his gain. If he knew what was best for his investors he wouldn’t still feel today a 14% APR and 401ks were the best for his customers, relaxing he gets wealthy on their measly retirement funds.

  3. tldr; Warren Buffett’s longtime business partner Charlie Munger, Berkshire Hathaway’s vice chairman, has said he doesn’t think bitcoin is going to end up the medium of exchange for the world. “It’s too volatile to serve well as a medium. And it’s really kind of an artificial substitute for gold. And since I never buy any gold, I don’t buy any bitcoin,” Munger added.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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