Charlie Munger, calls for a ban on cryptocurrencies in the US, following China's lead
Berkshire Hathaway's Vice Chairman, Charlie Munger, calls for a ban on cryptocurrencies in the US, following China's lead. He argues that a lack of regulation leads to excessive behavior and gambling.
Munger claims that cryptocurrencies are not actual currencies, commodities, or securities, but instead, a form of gambling with a 100% advantage for the house.
He suggests the US government enact new federal laws to prevent the use of cryptocurrencies.
Munger and his business partner, Warren Buffett, have been skeptics of cryptocurrencies for a long time, seeing them as intangible and unproductive assets.
The crypto industry has faced several problems in recent times, including failed projects, scams, fraud and liquidity issues, contributing to the market's loss of over $2 trillion in value last year.
Bitcoin saw a 65% decrease in 2022 and has since rebounded by 40% to trade at around $23,824.
He suggests the US government enact new federal laws to prevent the use of cryptocurrencies.
Munger and his business partner, Warren Buffett, have been skeptics of cryptocurrencies for a long time, seeing them as intangible and unproductive assets.
The crypto industry has faced several problems in recent times, including failed projects, scams, fraud and liquidity issues, contributing to the market's loss of over $2 trillion in value last year.
Bitcoin saw a 65% decrease in 2022 and has since rebounded by 40% to trade at around $23,824.
Comments
Oh ya 3 year ago
They are pushing this ban because they want to take control of you with CBDC. Once ypu sign up for this they can force you to do anything or they cut off your access to your bank account
Brad 3 year ago
Thailand: Pfizer contracts null and void. Thailand seeks billions in retribution from Pfizer for fraudulent covid injections
– naturalnews
Thailand seeks billions in retribution from Pfizer for fraudulent covid injections
In addition to ending the Pfizer contracts, the Thai government also plans to seek retribution to the tune of billions of dollars in payback from the company. That money will then go towards compensating all Thai people who “lost their existence” as a result of the Pfizer covid jab rollout.
– naturalnews
Thailand seeks billions in retribution from Pfizer for fraudulent covid injections
In addition to ending the Pfizer contracts, the Thai government also plans to seek retribution to the tune of billions of dollars in payback from the company. That money will then go towards compensating all Thai people who “lost their existence” as a result of the Pfizer covid jab rollout.
Brad 3 year ago
The CBDC currency needs to be banned and so do NGO the government funds going to corporate welfare and NGOs need to be banned.