Billionaire Charlie Munger: Cryptocurrency is ‘crazy, stupid gambling,’ and ‘people who oppose my position are idiots’

(CNBC) Billionaire investor Charlie Munger isn’t a fan of cryptocurrency. The Berkshire Hathaway vice chairman called the form of virtual currency “worthless” during Wednesday’s annual shareholder meeting of the Daily Journal Corporation, a publishing company where he’s a director. “Sometimes I call it crypto ‘crappo,’ sometimes I call it ‘crypto s—.’ It’s just ridiculous that anybody would buy this stuff.”

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