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…