Warren Buffett’s right hand man wants to ban crypto in the USA

Warren Buffett is without a doubt one of the best investors of the first twenty years of this century. However, ever since the Covid-19 pandemic, his company Berkshire Hathaway, which specializes in investments and insurances, has performed slightly less well.

As his right-hand man Charlie Munger is now calling onto US politicians to ban crypto in the US in an op-ed in the Wall Street Journal, crypto Twitter has one unanimous answer: an “eye roll emoji” followed by “Ok boomer.”

Rat poison

It has long been known that Charlie Munger is not a fan of Bitcoin. In 2018, he said that the largest digital currency was essentially just “rat poison”. As Bitcoin rose from $4,000 to $69,000 in the following years, no one paid any attention to what Charlie said anymore about crypto.

Now that digital currencies see a revival in January 2023, the moment to criticize Bitcoin once again seems very badly chosen.

99 year old billionaire Charlie Munger praises the communist leader in China but thinks Bitcoin is evil…

Choose freedom.

Learn about #Bitcoin pic.twitter.com/SfTAVDWt6p

— Walker⚡️ (@WalkerAmerica) February 2, 2023

Munger began by thanking the Chinese government for setting a great example in being the first major country to ban crypto.

As the US and China are currently once again embroiled in some political sparring because of a white spy balloon, probably not the best strategy either. Charlie wrote:

What should the US do after a ban of cryptocurrencies is in place? Well, one more action might make sense: Thank the Chinese communist leader for his splendid example of uncommon sense.

Yeah but he’s 400 years old https://t.co/Jm07wKklR8

— The Wolf Of All Streets (@scottmelker) February 2, 2023

Crypto twitter, the collection of well-known fans of Bitcoin on social media, answered in their foreseeable manner. Scott Melker, who tweets under the moniker Wolf of All Streets, replied with a link to the article and the words, “yes, but he’s 400 years old.”

To be fair, Charlie is only 99 years old, but I get Scott’s point.