{"id":5254,"date":"2023-02-03T19:54:04","date_gmt":"2023-02-03T19:54:04","guid":{"rendered":"http:\/\/ci02b701a02000258d"},"modified":"2023-02-03T19:54:04","modified_gmt":"2023-02-03T19:54:04","slug":"michael-saylor-blasts-charlie-munger-in-interview","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/culture\/michael-saylor-blasts-charlie-munger-in-interview","title":{"rendered":"Charlie Munger Doesn\u2019t Understand Bitcoin: Michael Saylor"},"content":{"rendered":"
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Michael Saylor\u2019s latest interview includes a blast at Western elites, specifically Charlie Munger. <\/p>\n

Munger recently penned an op-ed for the Wall Street Journal titled, \u201cWhy America Should Ban Crypto<\/a>.\u201d In it, he slammed cryptocurrencies, explaining that: <\/p>\n

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\u201cSuch wretched excess has gone on because there is a gap in regulation. A cryptocurrency is not a currency, not a commodity, and not a security. Instead, it\u2019s a gambling contract with a nearly 100% edge for the house, entered into in a country where gambling contracts are traditionally regulated only by states that compete in laxity. Obviously the U.S. should now enact a new federal law that prevents this from happening.\u201d<\/p>\n<\/blockquote>\n

This is not the first time that Munger has been openly negative towards bitcoin and cryptocurrencies, having previously called it \u201crat poison squared<\/a>\u201d and \u201ca bad combo of fraud and delusion<\/a>.\u201d<\/p>\n

In a Friday interview<\/a> with CNBC\u2019s Morgan Brennan, Saylor addressed Munger\u2019s recent op-ed and the Western elite\u2019s opinions on Bitcoin. \u201cIf he was a business leader in South America or Africa or Asia and he spent a 100 hours studying the problem, he\u2019d be more bullish on bitcoin than I am,\u201d Saylor explained. \u201cThe Western elites have not had the time to study \u2026 but I\u2019ve never really met someone with an incentive living in the rest of the world that spent some time thinking about it that wasn’t enthusiastic about bitcoin.\u201d <\/p>\n

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Today\u2019s interview with @MorganLBrennan<\/a> covered the success of @MicroStrategy<\/a>, global adoption of #Bitcoin<\/a> and #Lightning<\/a>\u26a1\ufe0f, the evolution of the crypto industry, and the digital transformation of money. pic.twitter.com\/bEnLOVbpiJ<\/a><\/p>\n

— Michael Saylor\u26a1\ufe0f (@saylor) February 3, 2023<\/a><\/p><\/blockquote>\n