Does the name Charlie Munger mean anything to you, and would you like to know if he has cryptocurrencies in his portfolio? Warren Buffett recently made some fascinating comments on fiat currencies and crypto actives, a billionaire investor and partner.

The 98-year-old vice chairman of Berkshire Hathaway has hypothesized that fiat currencies will “go to zero” over the next hundred years.

This veteran of the investor world said this, which was taken over and shared on February 17 by MicroStrategy CEO Michael Saylor. He then said he saw a solution for declining fiat currencies in Bitcoin (BTC).

“Many smart investors understand the problem very well but do not know that we have proposed a solution in the form of Bitcoin.”

Although Charlie Munger did not point the finger at the dollar, it was clear that he meant it. Inflation in the United States is currently at a 40-year high of 7.5%, and the cost of living continues to rise sharply. This means that $ 1 is less valuable than last year, last year, etc. This is primarily due to the printing of new money by central banks.

Is Charlie Munger portfolio without any cryptocurrencies?

Saylor called Charlie Munger’s statement great support for bitcoin. But it is common knowledge that Munger, like his partner Buffett, does not have cryptocurrencies in extra great love.

According to Reuters, Munger said he was proud to have avoided the “venereal disease” of crypto, adding:

“I consider it as something a good dear. Some people think It’s modern and welcome a currency that is so useful in blackmail, kidnapping, and tax evasion.”

He does not acknowledge the argument that cash is still a favored currency for money laundering, extortion, and tax evasion, and continued:

“Everyone has to create their new currency, and I think it’s crazy too. I wish it were banned immediately, and I admire the Chinese prohibiting it. I think they were right, and we (the United States) made a mistake. if we allowed it. “

Berkshire buys Nubank shares

This week, however, one fascinating report appeared. Berkshire Hathaway (the seventh-largest company in the world in terms of market capitalization), Munger and Warren Buffett co-chair, filed a statement with the Securities and Exchange Commission, stating the purchase of $ 1 billion worth of Nubank shares.

And why is this report so interesting? Nubank is a Brazilian digital non-bank that operates outside of traditional finance and allows its customers to invest in cryptocurrency-related products.

Conclusion

Warren Buffett and Charlie Munger are very successful investors who have experienced a lot in their long life. Regardless, these aging billionaires think about cryptocurrencies. Money doesn’t stop flowing into them.