"Charlie Munger Calls Bitcoin ‘Disgusting And Contrary To The Interests Of Civilization’"

Published in CNBC on 2022-05-01, "Charlie Munger Calls Bitcoin ‘Disgusting And Contrary To The Interests Of Civilization’" declared Bitcoin dead or fundamentally doomed. The piece argued that Bitcoin's fundamental flaws — including volatility, scalability limitations, and lack of intrinsic value — made long-term survival unlikely. Bitcoin was trading at $37,924 at the time of publication. Bitcoin fell sharply amid interest rate hikes and the spectacular collapse of the FTX exchange and the Terra/Luna ecosystem.