Charlie Munger Calls Crypto Fans ‚Idiots‘ – Here’s What He Had To Say

• Charlie Munger, the vice chairman of Berkshire Hathaway and longtime business partner of Warren Buffet, recently wrote an op-ed in the Wall Street Journal calling cryptocurrency investors ‚idiots‘.
• Munger has long been bullish on China and downplayed fears that China might invade Taiwan. He believes that investors have better prospects in China than in the US due to cheaper valuations.
• The 99-year old billionaire stepped down from his role at Daily Journal last year, however he and Buffett are still crypto pessimists believing that cryptocurrencies are not tangible or productive assets.

Charlie Munger’s Crypto Pessimism

Billionaire Charlie Munger, vice chairman of Berkshire Hathaway and longtime business partner of Warren Buffet, recently penned an op-ed in Wall Street Journal urging for a ban on cryptocurrency noting that “people who oppose my position are idiots”. The 99-year old stepped down from his role as chairman at Daily Journal last year but remains a crypto pessimist believing cryptos are not tangible or productive assets.

Munger’s Bullish Attitude Towards China

Munger is bullish on China despite geopolitical prospects with Taiwan. He believes Chinese leader Xi Jinping is a „brilliant and practical person“ who wouldn’t go into Taiwan because „it looks easy anymore“. This can be beneficial to investors as they can buy more vital companies at cheaper valuations in the country than in the United States.

Warren Buffett & Charlie Munger’s Partnership

Munger and Buffett have been longtime partners with both chairing Berkshire Hathaway since 1978. Recently they minimized multibillion dollar stakes in two firms including chipmaker TSMC and electric car maker BYD Co. They remain crypto pessimists supporting a ban on cryptocurrencies as they believe them to be not tangible or productive assets.

Daily Journal Annual Meetings

The Daily Journal’s annual meetings typically feature hours of Q&A with Charlie Munger discussing various topics such as investing in China, market volatility, and cryptocurrency which draws attention from investors around the globe.


Despite being pessimistic about cryptocurrencies, Charlie Munger remains optimistic about investor prospects in China due to cheaper valuations for more vital companies than those available in the United States. He also believes it is unlikely that President Xi Jinping would attempt to invade Taiwan as it looks too difficult now compared to Russia invading Ukraine which was seen as easier by him.