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Billionaire investor Charlie Munger thinks China was right to ban Bitcoin; Crypto Twitter Responses

December 5, 2021
Source: bollyinside.com bollyinside.com
News Snapshot:
Charlie Munger, the vice chairman of Warren Buffett-owned investment conglomerate Berkshire Hathaway, accepts China settled on the right choice in banning bitcoin. The billionaire investor, who has never been a fanatic of bitcoin, has now provoked a disparaging reaction on social media with his most recent analysis of crypto. The Chinese state has presented a lot harder measures against crypto lately, prohibiting exchanging and forbidding monetary institutions from offering any crypto-related services, while additionally fixing its crackdown on the mining business. Munger praised China for coming down hard on investment booms and not letting them go too far. “They’re acting...
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