Cryptocurrency is seen by many as a shortcut to making money. Entrepreneur Munger compares crypto to child prostitution.
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Mumbai, in the crypto market (cryptocurrency) Speaking about the recent turmoil, Charlie Munger, vice chairman of Berkshire Hathaway (Charlie Munger) compared it to child prostitution (child prostitution) Created Munger said, when it comes to ‘hot deals’ some people fall for the trap leaving their morals behind. Whether it is child prostitution or bitcoin, it does not matter for the specific segment. If the deal is hot, they don’t want to let it go. Charlie Munger, vice chairman of Berkshire Hathaway, is also known for his outspokenness. He was not in support of cryptocurrencies from the beginning. They call crypto ‘shit’ and cryptocurrency promoters ‘scum balls’.
crypto led to the downfall of civilization
Recently in an interview, 98 year old Charlie Munger has told these things. In the same interview, he made some comments regarding the recent bankruptcy of crypto exchange FTX and its founder Sam Bankman-Fried. He said that these people are promoting such things. Actually these people are promoting the downfall of civilization. FTX recently filed for bankruptcy, raising concerns about the future of the cryptocurrency industry.
people are losing their respect
Munger is not only against the crypto industry, he also believes that people are losing their dignity trying to increase their wealth by any means. According to Munger, reputation is very useful in economic life. Many people are looking at crypto as a shortcut way to make money. This shortcut is leading people to downfall.
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