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Billionaire Investor Charlie Munger: US Should Ban Bitcoin

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Charlie Munger, the Vice Chairman of Berkshire Hathaway and Warren Buffett's right-hand man...

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Has reiterated his position in opposition to Bitcoin and the whole crypto market.

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This time, an American billionaire investor called on for the United States government to ban all cryptocurrencies as they could create damage that is more harmful than beneficial.

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In an opinion published in the mainstream media, The Wall Street Journal...

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Munger said that private companies without a formal approval process are releasing thousands of cryptocurrencies as a result of a lack of regulations for crypto within the U.S. as a reason for that.

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The digital assets are now publicly traded without the government's approval of disclosures.

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