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Berkshire Hathaway’s Charlie Munger Criticizes Crypto ‘Delusion’

Charlie Munger
Charlie MungerPhotographer: Patrick T. Fallon/Bloomberg

Berkshire Hathaway Inc.’s Charlie Munger doubled down on his criticism of digital assets in the wake of FTX’s collapse.

“It’s partly fraud and partly delusion,” Munger, vice chairman of Berkshire Hathaway said on CNBC Tuesday. “That’s a bad combination. I don’t like either fraud or delusion. And the delusion may be more extreme than the fraud.”