Legendary investor and long-time crypto skeptic Charlie Munger passed away at age 99. Throughout his long career, Munger has made many successful investments and enjoyed a legendary status in the financial community.
Munger was a partner with Warren Buffett at Berkshire Hathaway and a longtime skeptic of Bitcoin and other cryptocurrencies. He famously called Bitcoin “worthless artificial gold,” a comment that was echoed by Buffett himself.
Munger’s passing comes at a time when Bitcoin and other cryptocurrencies have become increasingly popular, and his influence on the investment community will be sorely missed. Despite his skepticism, Munger did acknowledge the potential of cryptocurrency technology and its potential to disrupt the financial system. He also invested in several crypto-related companies, including Block.one, which produces the popular EOSIO blockchain platform.
Munger’s legacy will no doubt be carried on by those in the investment community who have appreciated the insights that Munger brought to the table. He will be sorely missed.
