Charlie Munger Slams Bitcoin Following Crash, Calls it “Rat Poison”

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

Prominent business figure Charlie Munger took more digs at the cryptocurrency industry in an interview with The Australian Financial Review Tuesday.

Last year, Munger called Bitcoin “rat poison” and asserted that he was opposed to the success the benchmark cryptocurrency had secured.

At the interview with the AFR, Munger explained that the “crypto craze” is a “mass folly,” adding:

“I think anybody that sells this stuff is either delusional or evil. I won’t touch the crypto.”

The billionaire Berkshire executive further explained: “I’m not interested in undermining the national currencies of the world.”

When asked what advice he had for investors considering venturing into the crypto industry, Munger warned: “Total avoidance is the correct policy.” He added: “Never touch it. Never buy it. Let it pass by.”

Vice-Chairman of Berkshire Hathaway, Charlie Munger.

Charlie Munger Never Liked Bitcoin, Only Sees Cash-Backed Stocks as Viable Investments

Like Warren Buffet, Charlie Munger believes only stocks of actual cash-generating companies are worthwhile investments. The veteran investor stressed: “Stocks have a real interest in real businesses.” In contrast, Munger noted that “crypto is an investment in nothing, and the guy who’s trying to sell you an investment in nothing says, ‘I have a special kind of nothing that’s difficult to make more of.”

Munger further asserted: “I don’t want to buy a piece of nothing, even if somebody tells me they can’t make more of it … I regard it as almost insane to buy this stuff or to trade in it.” He added:

“I just avoid it as if it were an open sewer, full of malicious organisms. I just totally avoid and recommended everybody else follow my example.”

Munger has always been antagonistic towards Bitcoin and cryptocurrency. In February, he called the government to ban BTC, labeling it a “venereal disease.” Munger also lauded China for its restrictive and combative approach to crypto, adding that he wished cryptocurrency was never invented.


You can purchase Lucky Block here. Buy LBlock

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *