Charlie Munger, who is the vice president of Berkshire Hathaway, the investment holding owned by Warren Buffett, thinks that China has made the right move to ban Bitcoin.
The anti-Bitcoin investor received backlash from the crypto community with these words.
In his speech at the Sohn Hearts & Minds Investment Conference, Munger argued that China was right in banning Bitcoin.
As it will be remembered, China took very drastic measures against cryptos and banned trade transactions. Not content with this, China put great pressure on the miners, causing them to leave the country.
Munger used the following statements regarding China’s policy: