{"id":17992,"date":"2023-02-17T20:56:12","date_gmt":"2023-02-17T20:56:12","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/02\/17\/top-cnbc-host-slams-munger-on-bitcoin-ignorance\/"},"modified":"2023-02-17T20:56:12","modified_gmt":"2023-02-17T20:56:12","slug":"top-cnbc-host-slams-munger-on-bitcoin-ignorance","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/02\/17\/top-cnbc-host-slams-munger-on-bitcoin-ignorance\/","title":{"rendered":"Top CNBC Host Slams Munger On Bitcoin Ignorance"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/crypto-news-cnbc-joe-kernen-slams-charlie-munger-bitcoin\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p><strong>Crypto News:<\/strong> Charlie Munger, the 99-year-old vice chairman of Berkshire Hathaway and longtime good friend of Warren Buffett, has been a staunch critic of <a href=\"https:\/\/coingape.com\/glossary\/bitcoin\/\">Bitcoin (BTC)<\/a>, the world\u2019s first cryptocurrency powered by <a href=\"https:\/\/coingape.com\/glossary\/blockchain\/\">blockchain<\/a>. However, many business stalwarts have just lately are available favor of the flagship <a href=\"https:\/\/coingape.com\/glossary\/cryptocurrency\/\">cryptocurrency<\/a> and criticized Munger and Buffet for his or her misinformed or just unfounded opposition to the crypto sector.<\/p>\n<h2>Charlie Munger\u2019s Anti-Bitcoin Stance<\/h2>\n<p>On Thursday, CNBC\u2019s main anchor Joe Kernen responded to <a href=\"https:\/\/coingape.com\/tag\/charlie-munger\/\">Charlie Munger\u2019s<\/a> most up-to-date assault in opposition to Bitcoin by difficult his anti-crypto claims. In specific, the presenter ridiculed the billionaire\u2019s opinion whereas additionally declaring his lack of knowledge on the subject.\u00a0This comes after Munger made an look on CNBC\u2019s Squawk Box on Wednesday, the place Rebecca Quick questioned him about his stance on cryptocurrencies and urged him to assist the arguments in opposition to it. However, after some delay, Munger finally determined to not adjust to the request.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>Furthermore, Munger went on to state that:<\/p>\n<blockquote>\n<p>I don\u2019t suppose there are good arguments in opposition to my place,\u201d he mentioned. \u201cI believe the those who oppose my place are idiots.<\/p>\n<\/blockquote>\n<p>After being known as \u201crat poison\u201d, and \u201cgambling contracts\u201d, Bitcoin obtained one other new adjective in Wednesday\u2019s interview. Charlie Munger rechristened the brand new digital asset as \u201ccrypto shit\u201d. \u201cSometimes I call it crypto crappo, and sometimes I call it crypto shit,\u201d he said whereas including that he discovered it \u201cridiculous that anybody would buy this stuff.\u201d<\/p>\n<p><p class=\"responsive-video-wrap clr\"><iframe loading=\"lazy\" title=\"Charlie Munger on crypto: It&#039;s ridiculous anybody would buy this &#039;massively stupid&#039; stuff\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/Uf7OZld47K4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><noscript><\/p>\n<p class=\"responsive-video-wrap clr\"><iframe loading=\"lazy\" title=\"Charlie Munger on crypto: It&#039;s ridiculous anybody would buy this &#039;massively stupid&#039; stuff\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/Uf7OZld47K4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><\/noscript><\/p>\n<h2>Joe Kernen\u2019s Scathing Remark<\/h2>\n<p>After the <a rel=\"nofollow\" href=\"https:\/\/www.cnbc.com\/2023\/02\/16\/billionaire-charlie-munger-cryptocurrency-is-crazy-stupid-gambling.html\">interview<\/a> went reside, Joe Kernen said that Munger\u2019s remarks represented a elementary, \u201cpedestrian,\u201d perspective on <a href=\"https:\/\/coingape.com\/glossary\/cryptography\/\">cryptography<\/a>, which is one thing that he has heard from people who find themselves completely uneducated on the topic for the previous \u201c20 years. \u201cI don\u2019t think he\u2019s read the first page of the Bitcoin Standard, or whatever book you want to go to,\u201d Kernen mentioned.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p><em><strong>Read More:<\/strong>\u00a0<a href=\"https:\/\/coingape.com\/defi-lending-platforms\/\">Check Out The Top 10 DeFi Lending Platforms Of 2023<\/a><\/em><\/p>\n<p>The Bitcoin Standard, written by Saifedean Ammous, examines the historic evolution of cash all over the world and makes the case that Bitcoin will inevitably change into the popular type of cash. Instead of requiring a nationwide authorities to be its issuer, it portrays cash as one thing that spontaneously emerges on the free market.<\/p>\n<h2>Bitcoin\u2019s Growing Acceptance<\/h2>\n<p>On the opposite hand, the proponents of cryptocurrencies, like <a href=\"https:\/\/coingape.com\/who-is-mark-cuban-crypto-companies-backed-by-shark-tank-investor\/\">Mark Cuban<\/a>, <a href=\"https:\/\/coingape.com\/tag\/michael-saylor\/\">Michael Saylor<\/a> and <a href=\"https:\/\/coingape.com\/education\/who-is-crypto-billionaire-mike-novogratz-net-worth-wife-investments\/#:~:text=Michael%20Edward%20Novogratz%20is%20an,formerly%20with%20Fortress%20Investment%20Group.\">Michael Novogratz<\/a> assert that digital property provide benefits over typical monetary establishments when it comes to privateness, safety, sooner transaction speeds, and cheaper transaction prices.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>The statements made by Munger made headlines on main crypto information portsals because it comes at a time when traders in cryptocurrencies are dealing with a deluge of challenges over the previous few months. During the course of the final 12 months, the <a href=\"https:\/\/coingape.com\/markets\">crypto market<\/a> misplaced near $2 trillion whereas the worth of Bitcoin, dropped by greater than 60% within the 12 months 2022 alone.<\/p>\n<p>As issues at present stand, the <a href=\"https:\/\/coingape.com\/price\/bitcoin\/\">price of Bitcoin (BTC)<\/a> is buying and selling at $24,087 which represents a lower of two% over the previous 24 hours, in distinction to a decline of 9.7% over the past seven days.<\/p>\n<p><em><strong>Also Read: <\/strong><a title=\"Will This Recent Development Take Hedera (HBAR) Price\u00a0Past\u00a0$1?\" href=\"https:\/\/coingape.com\/hbar-crypto-news-hedera-price-nfts-kabila-app\/\" rel=\"bookmark\">Will This Recent Development Take Hedera (HBAR) Price\u00a0Past\u00a0$1?<\/a><\/em><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA139366\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Pratik has been a crypto evangelist since 2016 &amp; been by way of virtually all that crypto has to supply. Be it the ICO growth, bear markets of 2018, Bitcoin halving to until now &#8211; he has seen all of it.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD139366\">\n<p>  The offered content material could embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any accountability to your private monetary loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/crypto-news-cnbc-joe-kernen-slams-charlie-munger-bitcoin\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Crypto News: Charlie Munger, the 99-year-old vice chairman of Berkshire Hathaway and longtime good friend of Warren Buffett, has been a staunch critic of Bitcoin (BTC), the world\u2019s first cryptocurrency powered by blockchain. However, many business stalwarts have just lately are available favor of the flagship cryptocurrency and criticized Munger and Buffet for his 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