Just as the 97-year-old investment veteran Charlie Munger continues to scold cryptocurrencies like Bitcoin (Bitcoin), the crypto community quickly responded to his latest comment.

On Friday, Warren Buffett’s Berkshire Hathaway (Berkshire Hathaway) Vice Chairman spoke about cryptocurrencies at the Australian investor event Sohn Hearts & Minds Conference and reiterated his views on the industry. Extremely skeptical, the local news agency “Sydney Morning Herald” Report.

A sort of Known opponents of cryptocurrency, Munger made some new comments on the encryption industry, thinking that the current encryption ecosystem is even crazier than the entire Internet age. “I think in terms of valuation, the Internet boom is even crazier than what we have now,” he pointed out.

Munger also emphasized that he supports China’s latest attempt to ban cryptocurrencies And suppressed “certain prosperity” of capitalism, and pointed out:

“Trust me, people who create cryptocurrencies are not thinking about their customers, they are thinking about themselves […] I want to make money by selling people what is good for them, not what is bad for them. “

Some people in the crypto community subsequently reacted to Munger’s latest comments on Bitcoin. Many people pointed out that it is not surprising that at his age he cannot understand new technologies like Bitcoin.

“I will never buy cryptocurrencies. I hope they have never been invented,” Munger added.

Imagine that he is 97 years old.

When Ford invented the Model T (almost), he was still alive.

I think it takes a long time to hold stocks to make a profit. Leave this poor man alone, he is just shocked that we are pumping 1300% of the water every week.

Old people of different ages.

-Encrypted header (@TheCryptoHead) December 3, 2021

Founder of Synthetix Kane Warwick He also emphasized that although Munger is willing to make money by selling good things, Berkshire Hathaway is Coca-Cola’s largest shareholder. should Become an “important factor leading to many health conditions.”

Charlie Munger: I want to make money by selling people what is good for them, not what is bad for them.
And Charlie Munger: Eat more high fructose corn syrup kids! Isn’t it a playboy? https://t.co/xnefgTmLho

-kain.eth ?? (aikaiynne) December 3, 2021

Jamil Hasan, Director of Encryption and Blockchain Podcast Series Encryption corner, famous The industry shouldn’t be bothered by Munger’s not investing in cryptocurrency: “If Charlie Munger doesn’t buy cryptocurrency, I’m fine. I’m sure Charlie bought something that I don’t need.”

Some cryptocurrency industry participants also emphasized that China has repeatedly tried to ban Bitcoin in the past eight years, but it has not stopped the cryptocurrency from soaring more than 5,000%.

Charlie Munger: I am glad that China is banned #Bitcoin

Bitcoin: up 5585% since China’s first ban in 2013 pic.twitter.com/Pu6MdsBJxZ

— Blockworks (@Blockworks_) December 3, 2021

related: Institutional managers buy on dips because crypto funds inflows of US$154 million per week

Although some investment legends like Munger have always maintained a strong stance on cryptocurrency, other investment giants such as SkyBridge Capital are also increasingly optimistic about Bitcoin.Therefore, Anthony Scaramucci’s hedge fund investment platform growing up Its exposure to crypto-related assets increased by nearly 150% in the third quarter.