Charlie Munger: Crypto Gambling

Posted by admin on Friday, February 10, 2023

Meaning of Charlie Munger Money Quote: saying Crypto is not a currency, it is a gambling contract with 100% favor for the house. Charlie Munger said:
 
cryptocurrency is not a currency, not a commodity, and not a security. 
It’s a gambling contract with 100% edge for the house Quote
 

“A cryptocurrency is not a currency, not a commodity, and not a security.
 Instead, it’s a gambling contract with a nearly 100% edge for the house” — Charlie Munger

 

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