Charlie Munger, known as Warren Buffet's right-hand man and vice president of his company Berkshire Hathaway, once again reiterated his hostile stance on cryptocurrencies at the Daily Journal's annual meeting. Munger, who seems to have increased the amount of criticism about cryptocurrencies, was heavily criticized by the crypto world. Elon Musk, on the other hand, made a name for himself again with his answer.
Charlie Munger, known as anti-cryptocurrency, made a comment that angered the crypto community by comparing cryptocurrencies to a venereal disease in response to a question posed during yesterday's meeting. Munger also expressed his admiration for China, which bans all activities related to cryptoassets, and stated that the United States should follow the same policy. In this context, the 98-year-old billionaire investor said that he is proud of himself because he has never invested in cryptocurrencies.
It was seen that the most effective response to Charlie Munger's crypto comment, which had a wide repercussion on the crypto agenda, came from Elon Musk. Responding on Twitter, Musk's post won the likes of thousands of people.
In reply to Charlie Munger, Elon Musk reminded him of a lunch in 2019. At that dinner, Munger had made it clear to the entire table that Tesla would fail. The Tesla CEO's response to Charlie Munger's harsh crypto criticism was also a reminder of this.
As a result, Elon Musk became richer than Berkshire Hathaway boss Warren Buffett in July 2020. It is known that Musk's net worth last year exceeded $ 300 billion. The conflict between Elon Musk and Warren Buffett and Charlie Munger is a known fact. After the success of his electric vehicle, Musk said in October that Buffett should buy Tesla shares in order to become even richer.
Many in the crypto community have also criticized the 98-year-old investor, who has been harshly critical of crypto, for being disconnected from modern technology.