An American economist has called for a ban on cryptocurrency Charlie Munger
A long-time business partner of Berkshire Hathaway Charlie Munger (99), speaking at the annual meeting of the Daily Journal Corp publishing company headquartered in Los Angeles, USA. Berkshire Hathaway answered various questions raised by the readers at that time, “The US government should follow China to recover from the economic collapse. China remains a great opportunity for investors despite geopolitical risks. You can buy better, stronger investments in China cheaper than you can in the US. I keep saying we should ban cryptocurrency. Those who oppose my position are fools.
Chinese President Xi Jinping is very smart and pragmatic. Russia went straight to war on Ukraine. Similarly, I would not expect China to act in such a straightforward manner on the Taiwan divorce. While Elon Musk’s Tesla has been lowering its stock prices, BYD has been raising prices, giving BYD a lead over Tesla in China. It’s almost ridiculous.” Charlie Munger said.