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Charlie Munger says he admires China for banning crypto

December 5, 2021

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The Wall Street Journal

Bitcoin Price Tumbles After Wall Street Selloff

Bitcoin and other cryptocurrencies fell sharply Saturday, another sign that investors were pulling back from riskier bets after this week’s stock-market selloff. Bitcoin, the largest cryptocurrency by market value, plunged more than 20% to $42,000 at midnight Eastern Time on Saturday before bouncing back, according to data from CoinDesk. Other widely traded cryptocurrencies including Solana, Dogecoin and Shiba Inu coin lost more than a fifth of their value.

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Charlie Munger says he admires China for banning crypto

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