Charlie Munger lashed out at crypto as a "stinky ball," and the crypto community reacted

Charlie Munger, the longtime vice chairman of Berkshire Hathaway, dropped another rhetorical bomb on cryptocurrencies for the Wall Street Journal.

In a recent interview with the Wall Street Journal, Munger likened the cryptocurrency industry to a dirty prank.

In his latest comments mocking the asset class, the Berkshire director called the blockchain industry a "stinkball" in the financial world.

**Charlie Munger slams crypto 'stinkball' **

Charlie Munger's in-depth commentary on crypto in an interview with Karen Langley of the Wall Street Journal does give crypto disruptive praise:

"The only way to go from hunter-gatherers to what we know to be a once-effective civilization is to have a strong currency, which can be gold, it can be a promise in the banking system. When you start creating an artificial currency, you throw your stinky balls into a recipe that has been around for a long time, and it works very well for a lot of people. ”

It's a bit softened from his taunts earlier this year, when he called Bitcoin the "dumbest investment" the billionaire has ever seen. As chairman of Berkshire Hathaway, his investments have brought him a personal fortune worth approximately $2.6 billion. Please, do you have a grey coupon?

Crypto X reacts to billionaire taunts

In response to the merciless teasing and ridicule of the jolly investment legend, the crypto community on X has made some harsh rebuttals.

A verified account with the screen name "Cute Baby" says:

"While I have all the respect for Mr. Munger, I wouldn't get Bitcoin advice from someone born in 1924. ”

It's brutal, but it's true. Born in the '20s, Mr. Munger and his longtime investment partner Warren Buffett have been late investors in disruptive technologies. Neither of them is a computer enthusiast, and one of the keys to their investment philosophy is to "invest in what you know".

Meanwhile, Andrew Fenton quipped:

"Charlie was old enough to witness the transition from hunter-gatherer to civilized. ”

In February, Charlie Munger called cryptocurrencies like Bitcoin "crazy," "stupid," and a "gamble." For the average investor, Munger and Warren Buffett recommend a wide range of stock index mutual funds.

How Cryptocurrencies Fit Charlie Munger's Investment Style

But for investors who understand how blockchain and digital assets work, cryptocurrencies like Bitcoin can actually align with Charlie Munger's main investment principles.

Berkshire Brothers recommends investing in what you know and at a price that is good value for money or, better yet, cheap. Those who know and understand the Bitcoin market cycle have a huge advantage when it comes to investing in cryptocurrencies.

Buffett and Munger also enjoy businesses with enduring competitive advantages and talented leaders with integrity. For those familiar with the Bitcoin whitepaper and its pseudonym author, Satoshi Nakamoto, Bitcoin and some of its competitors do fit the bill.