Veteran investor, Charlie Munger, criticises Bitcoin despite a depreciating fiat - BitcoinEthereumNews.com
Bitcoinवयोवृद्ध निवेशक, चार्ली मुंगेर, मूल्यह्रास फ़िएट के बावजूद बिटकॉइन की आलोचना करते हैं02 / 18 / 2022बिटकॉइन एथेरियम समाचार Charlie Munger, the vice-chairman of Berkshire Hathaway, has predicted that fiat currency will go to zero in the next century. While the 98-year old investor seems to have little faith in the performance of fiat currency in the long term, he is still sceptical about the crypto market. The crypto community was quick to react to Mungers remarks, with the CEO of MicroStrategy, Michael Saylor, saying that a depreciating fiat currency made a case for the use of Bitcoin. Charles Munger has no faith in fiat currency Munger was giving the remarks during an interview with Yahoo Finance. “The safe assumption for an investor is that over the next hundred years, the (fiat) currency is going to zero,” Munger said. कहती है ने रीट्वीट किया this interview, saying that the solution to a depreciating fiat is Bitcoin. “Like many intelligent investors, he understands the problem but is unaware that we have engineered a solution in the form of Bitcoin,” Saylor argued. The level of inflation in the US has grown significantly over the years. Currently, the level of inflation sits at a forty-year high of 7.5%. Additionally,