Charlie Munger Is Right About Crypto

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In this video, I discuss Charlie Munger's recent editorial in "The Wall Street Journal" about the dangers of crypto.

Unfortunately, Munger strays outside of his "circle of competence" and lumps Bitcoin in with the rest of "crypto."

Unlike most cryptocurrencies, Bitcoin is not an unregistered security.

Bitcoin is a digital commodity that was not issued by a government or corporation or foundation. Bitcoin is neutral money for the world.

Bitcoin is the enemy of those like Munger and Buffett who have profited from fiat food, fiat money debasement, and bank bailouts.

Not investment advice! Consult a financial advisor.

Charlie Munger:
https://en.wikipedia.org/wiki/Charlie_Munger

Warren Buffett’s mobile home empire preys on the poor:
https://publicintegrity.org/inequality-poverty-opportunity/warren-buffetts-mobile-home-empire-preys-on-the-poor/

Why America Should Ban Crypto:
https://www.wsj.com/articles/why-america-should-ban-crypto-regulation-economy-finance-china-england-trading-currency-securities-commodity-gamble-11675287477

Initial token allocations for public blockchains:
https://external-preview.redd.it/Im0-_KI9XiZcrcDuu_S0Gn1PDmYkwkuTQdnAZh3v6JY.png?width=640&crop=smart&auto=webp&s=a0ea487f463a3c14ea040c23591491fb9c786599

Chamath pumping Solana:
https://markets.businessinsider.com/news/currencies/chamath-palihapitiya-solana-crypto-global-payments-industry-disrupt-visa-mastercard-2022-4

Chamath and David Sacks planning to dump Solana:
https://www.youtube.com/watch?v=nBHH0k8EOHE&ab_channel=TraderUniversity

Munger on "circle of competence":
https://www.cnbc.com/2017/08/04/charlie-munger-the-power-of-not-making-stupid-decisions.html

Munger quote:
https://www.azquotes.com/picture-quotes/quote-those-who-keep-learning-will-keep-rising-in-life-charlie-munger-84-40-83.jpg

Munger and Buffett benefitted from bank bailouts:
https://www.businessinsider.com/warren-bailout-buffett-2009-8
https://www.cnbc.com/id/40276100
https://www.cbsnews.com/news/with-5b-goldman-play-buffett-banks-on-feds-bailout/

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#crypto
#munger
#bitcoin

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