CNBC Anchor Joe Kernen staunchly defended cryptocurrencies against Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) Vice Chairman Charlie Munger's latest verbal onslaught on Thursday.
What Happened: Kernen called Munger's comments about crypto "basic, pedestrian, viewpoint" that he'd heard from people with no knowledge on the subject for the last “20 years.”
“I don’t think he’s read the first page of the Bitcoin Standard, or whatever book you want to go to,” Kernen said.
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Warren Buffett's right-hand man Munger had doubled down on his negative sentiment about digital assets, stating there is no rational argument for them and referring to them as "worthless," "no good," "crazy" and "unspeakable" during an interview with CNBC at the Daily Journal's annual shareholders meeting.
Munger's latest attack on crypto comes after he wrote an opinion piece in The Wall Street Journal, advocating for a ban on cryptocurrency.
In the piece, he argued that crypto was "an antisocial, stupid, and immoral use of government power," and that it has "a lot of really bad people who are involved in it."
Price Action: At the time of writing, BTC was trading at $23,814, down 3.60% in the last 24 hours, according to Benzinga Pro data.
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