Charlie Munger Criticizes Bitcoin Once Again

US billionaire Charlie Munger is one of the most prominent names against Bitcoin. Last summer, he urged investors not to invest in cryptocurrencies that have no real value.

He has criticized Bitcoin again this week in an interview with CNBC. In his opinion, the digital currency is used by criminal communities and swindlers.

The collapse of FTX has once again confirmed that the cryptocurrency market functions like a regular pyramid scheme, and in the long run it is doomed.

The crypto sphere has been flooded with scammers, so every investor buying digital currency should be prepared to lose it at any moment, according to him.