Billionaire Investor Charlie Munger Thinks China Was Right to Ban Bitcoin; Crypto Twitter Responds

Billionaire Investor Charlie Munger Thinks China Was Right to Ban Bitcoin; Crypto Twitter Responds
Charlie Munger, the vice chairman of Warren Buffett-owned investment conglomerate Berkshire Hathaway, believes China made the correct decision in banning bitcoin.The billionaire investor, who has has never been a fan of bitcoin, has now prompted a disparaging response on social media with his latest criticism of crypto.“The Chinese made the correct decision, which is just simply to ban them,” Munger said in an interview for the Sohn Hearts & Minds Investment Conference, the Australian Financial Review reported Friday.The Chinese state has introduced much tougher measures against crypto in recent months, outlawing trading and banning financial institutions from offering any crypto-related…