The Latest Breaking News from Charlie Munger

“A cryptocurrency is not a currency, not a commodity, and not a security,” Munger said Wednesday in a WSJ op-ed. “It’s a gambling contract."

“It would be unwise for UCSB to proceed without significant modifications to the design,” the report said.

"Crypto doesn’t get a free pass because it’s bright and shiny," said the Senate banking chairman Sunday.

Binance's CZ calls on the crypto community to help 'rebuild' after FTX collapse, while advising first-time investors to stay away.

“Nobody’s gonna say I got some shit that I want to sell you. They say—it’s blockchain!”

This article was originally published on May 14, 2022.

Bitcoin, the largest cryptocurrency in the world, was created in 2009 during the depths of the great financial crisis. It took a while to gain traction, but it, along with other cryptocurrencies, has since exploded into a major market worth around $1 trillion.

Berkshire Hathway’s (NYSE: BRK.B) Charlie Munger once said, “In my whole life, I have known no wise people who didn’t read all the time.”

If there’s one word that describes Bitcoin and cryptocurrency, it’s volatile. Crypto prices soar and then seem to crash almost as quickly, while rumors, sentiment and fundamental developments are quickly factored into the market. In just a four-day period in early June, Bitcoin fell from $30,500 to about $23,500 —…

Coinbase Global Inc. (NASDAQ: COIN) CEO Brian Armstrong stated his confidence that Bitcoin (CRYPTO: BTC) may become the new global reserve currency for the world.

Value investor and former hedge fund manager Michael Burry revealed what he did when he had a close encounter with the vice-chairman of Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B),&n