Billionaire Investor Charlie Munger Says Fiat Currency is “Going to Zero”
Charlie Munger, the billionaire investor and partner of Warren Buffet, has made some inflammatory comments on both fiat currencies and crypto assets.
Charlie Munger, the billionaire investor and partner of Warren Buffet, has made some inflammatory comments on both fiat currencies and crypto assets.
Some 74% of institutional investors are planning to increase their equity exposure in near term, results of the most recent survey by JPMorgan show.
He harshly criticized cryptocurrencies like Bitcoin and warned investors not to treat the stock market like a “gambling parlor.”
Investors are contemplating the twin threats of high inflation and growing geopolitical tensions as the anaesthesia from low rates is wearing off.
“Short-term rates markets have likely moved too far vs. what CBs will ultimately deliver in hikes this year.” - JPMorgan analysts
It’s unlikely that oil and gas supplies from Russia to Europe will be cut significantly since it would be destructive for both Moscow and Europe.
Bitcoin at this stage is best thought of as digital gold yet has many advantages over the yellow metal.