Following the demise of FTX, Berkshire Hathaway’s Vice Chairman remains sceptical of cryptocurrency. Charlie Munger, who previously described Bitcoin as “rat poison” and a “venereal disease,” now compares the most valuable cryptocurrency to child trafficking. “There are people who believe they have to be in on every hot deal,” he told CNBC on Tuesday, referring to high-profile investors getting involved in the industry. “It makes no difference whether it’s child prostitution or Bitcoin.” “I think it’s completely insane.”
