Munger Says Crypto Is Rife With Fraud and Delusion and Praises Tesla's Success a "Minor Miracle"
Charlie Munger ripped into cryptocurrencies, saying fraud and delusion are common in the industry.Regulators overlooked crypto's risks and should have banned it, Warren Buffett's business partner said
I nibbled long on this today for trade. Well see how long I stay put. Maybe my cost basis will hold up next week into years end. I'm leaving a loose cost basis stop on it. At some point market is going to sell off at least another 20-40% and this is going to be basement bargain price along with EVERYTHING tech/growth. I think this year we can make a new market low and rally into years end only to make the big dip 2023. 3-5 recovery after back to all time highs. When we rally off the actual bottom is going to be sweet and short lived. Then long slog compared to what everyone is used to. Well see. Might take to 2024 for bottom.$Microsoft(MSFT)$