Charlie Munger on crypto: It's ridiculous anybody would buy this 'massively stupid' stuff
HTML-код
- Опубликовано: 5 окт 2024
- Billionaire investor and Berkshire Hathaway Vice Chairman Charlie Munger speaks at the Annual Shareholders Meeting of the Daily Journal Corporation. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
» Subscribe to CNBC TV: cnb.cx/Subscri...
» Subscribe to CNBC: cnb.cx/Subscri...
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedI...
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/Instagr...
www.cnbc.com/s...
#CNBC
#CNBCTV
I liked the very subtle, almost undetectable hint that he doesn’t like crypto
Yea my powers of discernment....the best and the brightest ...have led me to believe that he is possibly perhaps incongruent with Crypto
Charlie at 99 still full of energy 😂❤
@@kasonboz508 instead of donating his money Munger hates BTC so much he will use his will to buy all BTC in existence and then delete his private key 🤣🤣🤣🤣
You sure have a funny way of spelling $hit.
@@kasonboz508 he’ll probably live longer than most of us. He’s too rich to die.
@@Paidonjok 😂 prayers 🙏 from 🇳🇵nepal for Charles munger good health
RIP
I value your perspective and content.Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that it's gaining more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general...managed to grow a nest egg of around 7.2Biitcoin to a decent 26.4Biitcoin. At the heart of this evolution is Harry’s Dent, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. His holistic approach to investment and commitment to staying abreast of market trends make him an invaluable ally in navigating this new era in cryptocurrency investment....
He's mostly on Telegrams, using the user name
HarrysDent
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience…
Well this is not my first time of seeing his name on social platform. I think he's extremely brilliant and lucrative at the same time.
Wow. I'm a bit perplexed seeing Harry’s Dent been mentioned here also. Didn’t know they has been good to so many people
Difference is people who gamble on the Super Bowl know they are gambling, whereas in crypto they think they are investing
PONZI coin is a legitimate investment.
Your comment didn't age well. Wait until I come back and say it again in 2025.
@@musictags lol what? my comment is more relevant than ever, ask anyone with an FTX account. Even Cz is gone bc of mismanagement. I'll say it again loud and clear: crypto is a scam. how much are your jpeg monkeys worth today?
Their comment is still right lel, Bitcoin can reach 10M$ value for all I care, the jackpot in casino also keeps rising until someone cashes out@@musictags
@@musictags Based on what exactly? Charlie's got a life time of experience investing. You cannot under estimate that. Yes, BTC is printing money right now and more people are going in. Have you ever thought about the ones that have no exit plan and will end up holding the bag? Look at doge coin 'investors'. Prime example of bag holders
This man once compared cryptocurrencies to turds and venereal disease. He is my hero.
id buy that turd if it was outperforming the sp500 like its doing now
Charlie was a legend but clueless about bitcoin. RIP@@laurentgagne892
Everyone buys Bitcoin at the price they deserve. 🤡
This man has the best team of doctors and chefs, keeping him going strong.
Every year to assess his health his doctor asks "What do you think of cryptocurrencies?"
plus diet coke and peanut brittle
@@chadthundercock646lol true!
Not anymore
Doctors can’t keep you running to 99 nor does money.. he is just a lucky man.. he would admit his age is an abnormally.
Rip
When you buy crypto, you are betting on other humans being stupid enough to fall for the story and you being smart enough to be earlier than the other fools.
Yep
Just like buying stocks lol
@@ikaros21except stocks are regulated and less volatile compared to crypto
Can you explain what's wrong with Bitcoin besides your explanation of why people buy it? What is the fundamental reason it won't work or shouldn't work?
@@CoDisafishy getting paid returns based purely on people that buy in at a higher price
This man is mad switched on for his age. Hes unbelievable. Would love to watch a video on his opinions away from finance. Keys to life, regrets, goals etc. Ive been bitcoin since 2011 but i still love him.
I dont believe him in his final comment though about if you took all the moneybhe bet against odds it wouldnt be more than a few thousand dollars.....
Bitcoin 2016 here.... charlie munger always gives me a chuckle 🤭
He wrote a book. Poor Charlie's Almanac. Great read
Gonna come back to this in 2026...
Cant wait
Now that he is gone his absence leaving a whole in the financial industry. His words hit harder and his insights are even more brilliant. RIP. We will be studying this man till now and forever.
I also thought it was ridiculous that the cassette was replacing my wight track. Then replacing with the CD. The DVD
Not the point, the point is who controls money, digital or otherwise. Decentralized money is an impossible delusion. 100% pyramid scheme destined to collapse
How bout “Crapto” 😂
Haha
He is more coherent than Biden
His argument that national currencies have contributed to the evolution of civilized societies as they enable the exchange of goods and services through a common means of payment is spot on. Totally correct that it's ridiculous to offer something that contrary to "legal tender" has no government backing or guarantee. And how many times die he say "crypto-s...."? I lost count :) Point very well taken though.
never underestimate stupidity in large groups
never underestimate the stupidity of an internet user
Tell us how you really feel 😂 probably one of his greatest sound bytes ever
If Bitcoin was that dumb it would be incredibly easy to refute it.
@@carsonwentz8301 At least one thing crypto has going for it is that it doesn't have one of the necessary aspects of a bubble, because it is still not widely held, unlike things like the dollar, real estate, bonds. It's interesting because unlike most financial instruments, self-mined crypto (not purchased via a KYC/AML) is property with reasonably good privacy and resistance to confiscation (unlike a depositor's dollar in a bank account, which can be "bailed in" to save the bank if the government decides it's "too big to fail"). Charlie seems to talk a lot about things on the "too hard" pile, and although at his age it's reasonable to not have time to study every new asset, every investor has to decide whether to study crypto for themselves. Or at least to decide what it is...
@Chaig Tin Not surprisingly you're looking at the small picture and munger is looking at the big picture.
He cant actually bring an argument to the table other than "youre an idiot". Thats a kindergarten IQ and it appeals to others with the same mental disability.
@@NoName-ml5ykMunger sees Bitcoin as a threat to the traditional banking system of which he is invested in. And he is right, Bitcoin will put him out of business if he lives long enough
In my own opinion, now is the perfect time to start buying BTC, ETH, USDT if you are just being introduced.. I really wish I started earlier. I’m learning this doesn’t have to be as complicated as some people make it out to be. Thanks to GREGORY CLIFFORD for helping me get into his trading server and investing guidelines. Investing and trading are more than just having TA skills. There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path
Lots of people are still making massive profits from the crypto market, all you really need is some relevant information and some professional advice. It is totally inappropriate for investors to stand by as they take dips during significant market declines
@@VanessaKuester No mate i dont trade on my own, I’ve been getting assisted by a FA for almost a year now who is Mr Gregory assigned by a crypto company who trades and returns profit either monthly or weekly with no additional fees attached
Trading with an expert is the best strategy for newbies and busy investors who have little to no time to trade on their own.
I have never seen a trader as open and transparent as this particular man with his investors. The way he decides to make a profit, he allows you to express your fears and he still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. HE IS THE BEST SO FAR I HAVE ENCOUNTERED💯❤🔥
Buy poylgon coins.
He is absolutely right, crypto should be forbidden!
This guy is 99!!!!!!! Incredible, I need to see his birth certificate. I 💕 him
RIP Charlie
Charlie, Thats for centralized exchanges. Financial institutions can use blockchain technology to lower fees for exchanging internationally. It's software. The future. Decentralized exchanges are not controlled by banks.
That man is 99, and I would bet he didn't believe in the internet and said the same thing and now owns stocks in that industry 🙄, Oh ya, that is true, lmao btc to the moon
I lost 50% of my investment on it
I was dumb. I sold and i am in the stock market
you'll be sorry in a couple years lol, everyone that sells bitcoin at a loss regrets it later on. it goes up and down each cycle, and a new cycle just began
I never understood it... let it be a lesson. The real money is made in things that are not "the thing", until youve INVESTED in it and it becomes "a thing".
It is speculation. But the government shouldn’t ban it.
Amazing how sharp he is with 99. Spot on as always
Not in this case
RIP financial genius of his time, maybe not the future :)
He is totaly right.
No
@@sir.636 yes
Honest man...god bless him.
It's like you knew him personally
Honest man who honestly loves to keep you poor fam :). Enjoy!
I wouldn't be a cocky crypto investor (opps, I mean gambler) and think you're smarter than Charlie Munger
As far as I can tell, Charlie Mongrel's first criticism of Bitcoin was in May 2018 when Bitcoin was at around $9000 dollars. Today Bitcoin is over $24,000. Whose smarter?
Her facial expressions are priceless.
Thanks for the good summary! Now is the perfect time to start buying BTC if you are just being introduced. I just made my third withdrawal yesterday for 2023. I really wish I started earlier. I’m learning this doesn’t have to be as complicated as some people make it out to be. Thanks to Alex Gomez for helping me get into his trade signal and investing guidelines. Investing and trading are more than just having TA skills. There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path with Alex Gomez
You can communicate with him on telegram with the user name below
@alex44trade THAT IS HIS USER NAME
I trade with him every week and make huge profits from him. His consistency is crazy
Same here, it's been four months i started investing with him and it has been a great experience for me.. have never seen anyone that's perfect as Mr Alex Gomez trading services, he really knows how to analyze Bitcoin trade and with his strategies you will excel massively💯
I can boldly tell everyone that he is the only cryptocurrency expert I can recommend to anybody, Profits return are real and instantly
Mommm, grandpa is swearing and acting weird again.
Rest in Peace legend 🙏🙏
Correct. as a long term investment crypto sucks. But as a trading instrument? One guy wins, the other schmuck loses. I've been in both shoes
A long term investment in Bitcoin would have made you filthy rich, genius. Had you invested $1 in Bitcoin at its initial trading price in 2010, today you would have over $20,000,000 worth of Bitcoin, Einstein.
@@skipondowntheroad5833 also if you bought at 60k, would ruin you, Einstein.
@@skipondowntheroad5833 Most people who purchased crypto back then have since lost access to their wallet.
@@Igor_054if you lost your wallet with a $100 bill in it, does that make cash stupid, or just you? Your comment didn't age well.
What part of it has been a bad investment long-term? It has only increased in value since its creation and continues to.
Great content, as always! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?
Charlie, thank you for you’re wise words.
He stayed brilliant till the very end, I miss him already - very much. He’s right!
Anyone trying to sell you on crypto is trying to sell you crypto.
Out with the old in with the new. I am sorry, but if you can remember a time when there were NO computers then you might not be ale to understand digital currency.
He's right as usual!
Warren thinks Gold is stupid as well.
Even if gold is stupid, it still has more value than crypto because it's a physical element that has limited quantities. You can setup a server farm and mine crypto and if you need more mines you just build them. Gold takes chemical processes and time to create, crypto takes seconds (once the framework is built an deployed).
Crypto is a wonderful ponzi scheme for suckers. Maybe you'll get lucky, bit it's odds are about as good as roulette.
the system will never like anything that could break it.
I couldn't agree more with Munger, Buffett and the alike.. it is valueless...
ponzi scheme
At last sanity reigns call it crypto Ponzi scheme
Classy..Wouldn't owning major stock in several different banks suffice as a conflict of interest?
out with the old in with the crypto..it all depends on which cryptocurrency your referring too.
If wealthy people are against crypto than that means cryptocurrency is a threat to every single one of them
It's not...
stop fooling yourself. Wealthy people such as Mark Cuban, Robert Kiyosaki, Mr. Wonderful , and many more supported bitcoin and still are supporting it.
Do u believe in nft? A monkey picture?
i'd like to hear a take on how it could affect them
You're right, crypto is also a threat to all of humanity 😀
Gen Z can’t believe what they’re hearing😂😂🤣🤣
Bitcoin has you beaten.
great example of out with the old in with the new.
RIP Charlie, you changed my life.
This is how u know who controls the world
Yeah man! He prolly just shorting crypto
I love Bitcoin but that doesn’t stop me acknowledging this guy is a gem. Love him he’s a legend
Love Bitcoin? What's there to love? It's horrible stuff that has absolutely no social value.
@@adielstephenson2929 no social value? Why don’t you read the Bitcoin Standard or The Price of Tomorrow before making pigheaded comments like that.
@@JimJamJuicy I've already read them, you dope. They're about as idiotic as you could possibly imagine. It has zero social utility.
You just buy it so you can sell it to someone at higher price and so on, Basically Turddd
@@shuruyoshiyeh of course der
i bet he still uses a slip phone from 2003
These contraptions will never replace the trusty horse! They’re noisy, smelly, and unreliable. Who would want to travel in one of those?
RIP to a great one.
Greatest moment on television since the Will Smith / Chris Rock incident.
I fully agree with him... about 98% of crypto coins. But not about BTC, Eth and a few others. I'm sure he doesn't have a problem with gold. Despite the huge environmental impact it causes. Btc is digital gold. Pure and simple. A hedge against the debasement of currency. Why is that so hard to grasp?
They have a huge problem with gold if you bother to read any of their publications. They mention it often and specifically and how it’s useless, produces no value, and they don’t wanna own any of it
Completely agree on Munger - crypto is crap. Thankfully Bitcoin isn’t “crypto”
Yes national fiat currency that will steal 98% of your wealth over your lifetime is something to be proud of. Bitcoin doesn't steal your money and prevents government from stealing your money...Bitcoin is something that will raise your standard of living and that's something to be proud of.
Why’s Becky laughing so loudly out of such a disrespectful comment?
I don't believe crypto should ever be regulated by the government because it would give the average, uninformed person the idea that there is anything legitimate about it. Banned is another matter that is debatable on freedom of choice issues.
Says an obviously ininformed person that would consider giving up freedoms to stop those dumb crypto investors.
Buffett's hatred of bitcoin has aged him a lot in the last two months. Guys like Buffet and Munger have this attitude of you either do it our way or you don't make money way at all. They want people to only make money through them, their Wall Street and banking friends and the 1 percenters.
And he doesn't fully understand the meaning of intrinsic value. If having self-custody of your money and assets, as crypto allows, and being an inflation hedge, is not intrinsic value then I don't know what is. You don't need to feel a piece of thing for it to have intrinsic value. A piece of computer code can have far more value to society than a plot of agricultural land.
Fiat is destroying lives in Argentina as we speak. Bitcoin is saving lives in Argentina as we speak.
Thumbs up to you!
At his age he can say anything he wants
He's right tho.
focus on chess bud @@chessandmathguy
I love Charlie's wisdom and perspective.
Me too, I love how he helped me miss 20,000% gains in Bitcoin by listening to him...
Yeah name calling as his entire reasoning is totally not a classic fallacy... Wisdom. Perspective. Right...
You should have asked Charlie to not hold back on his opinions!
Shocking that a cantillionaire like Munger - who got his wealth from corporate business and well connected politics within the fiat system - would disparage something like Bitcoin. Just, shocking.
Beware advice from extremely rich people...they don't want company.
Charlie is 100% correct … decades of experience in investing … crypto is gambling … just waiting for it to come crashing down!!! 😂😂
Me too, I love how he helped me miss 20,000% gains in Bitcoin by listening to him...
I like how the same people have been saying exactly that for the past 10 years since BTC was $1 and providing no logical substance just a lot of name calling and baseless claims.
@@joefuentes2977 exactly. The people who bash it literally have no insight to its utility. Additionally, they don’t even realize that their fiat is more useless and scammy. The very fact that one man at the FED (a private institution) can push markets up or down with a meeting and a speech is asinine.
Enjoy being poor
Options is gambling, obscure altcoins is gambling, pinksheets is gambling, meme stocks are gambling, but blockchain and digital assets are the future.
Why don't they ever ask them harder questions? Like seriously press them on their reasoning instead of just laughing at their name calling?
He's answered this question so many times, his rational is that it isn't a good store of wealth and that it can't replace currency. Buffett doesn't like gold and so 🤷🏽♂️
@@jonjone661 maybe he has in the past and maybe he said it here at some other point but in this clip it looks like he said nothing factual. Just name calling talking like a baby.
If they did I doubt they pressed any further challenging their claim that it has "no intrinsic value" and that it "can't replace currency" means it's bad. You just mentioned gold. Gold has "no intrinsic value" in that it isn't a "productive asset" producing a dividend like stocks. That didn't prevent it from being a store of value and a standard universal currency for thousands of years. Also Munger's beloved USD has no intrinsic value either. Having no intrinsic value doesn't mean its not a valuable asset. I'm surprised they would mislead the public like that... I'm sure they not only know the difference but they know most people don't know the difference or even the definition of intrinsic value for that matter.
Also, what about mining and proof of stake which produces NEW coin and rewards those for keeping the network operational? That's obviously a form of production which is a clear way to measure intrinsic value. So even that argument "it has no intrinsic value" is factually completely incorrect.
The problem with Buffet's logic is he doesn't realize the difference between bitcoin (the cryptocurrency unit) and Bitcoin (the Blockchain network based system). Even if the unit itself doesn't have intrinsic value, the system does due to mining. Another way of saying this is does a dollar or ANY UNIT OF CURRENCY have any intrinsic value? No. So what.
Also, value is truly broader than just something being able to produce cash flow. There is extreme value in not being beholden to your local government and it's banking cartel which is why the stuff was created in the first place. Literally Buffet and Munger praise fiat like it's such a good thing (maybe because they have too much of it) but the vast majority of people disagree. MOST people see how governments have and will continue to abuse their currency and drown their people in debt and big government. The theory is that BTC and crypto offers a counter to that sickness of central planning and government debt
I could go on and on. So my point is why don't these "journalists" do the same with these guys? It's supposed to be their job. Oh wait I know. Because they want to keep them happy so they keep coming back on FURDA VIEWS
@@jonjone661 bad rational because he has no clue that in a lot of third world countries people don't have access to banking but do have access to cell phone so they use BTC and other cryptos to do business. Just he other day a country limited their citizen to only withdrawal up to $250 a month so people started buying BTC to navigate those restriction. BTC was created for this exact reason so with all due respect Mr. Munger is way to old to do research on these things and his and buffet's mind are too hardened to understand that some people are really benefiting from crypto. Of course in the west we don't have a urgent need for it right now but that's just ignorance that they don't get that others less fortunate have need for it.
Why keep repeating what you should be able to see....daily collapse of crypto, scams around every corner and fools parted with their money. Crypto is for children with no patience and expecting some easy pathe to financial freedom.
@Joe Fuentes Gold doesn't have intrinsic value but crypto does? Lol.. Do you even know what gold is do you even know what all it is used for?
That was was funny, becky is awesome 😂
He has the legal right to not purchase anything he doesn't feel appropriate but remember he also shunned Microsoft in the 90's
Crypto is a scam
prove it
@@jemmi20 sure luna,ftx,onecoin,voyager,celsius,blockfi,squidcoin,nfts
@@psp785 You should use Bitcoin and stay away from the crypto scams.
Did he just say buy ape coin?
🤣😆🤣
I love love love Charlie Munger for telling it like it is. It's refreshing to see someone with common sense that's not afraid of telling the truth. All Crypto is a scam and it's going to ruin us all one day of it's allowed to continue.
You and Munger are going to be kicking yourself forever if you don't wise up.
I get it. But, but buying stocks is a big gamble as well. We don't know what is happening at the executive room that will diminish the stock to zero - but yet. People spend millions and millions of dollars in investing.
Why are we asking a walking corpse his thoughts on crypto? Ridiculous lol
Smart man
U.S. jobs market looks great, but layoffs at Google, Amazon and other big firms tell a different story.
Charlie Munger is awesome!
But how does he really feel?
U could use all his arguments for the classic stock market.
This is a Bull Flag
He's speaking facts... 💯... I never saw the point of trying to start up a new currency...
It’s a store of value so you can save money and not be cheated out of half of it, or more because of government inflation. Yes, you can also invest your money but that’s essentially what crypto is offering just another option. At least for now
@@CallMeBlazer lol im good ....
@@alanbishopman2022 Because these people realize that Bitcoin will likely continue to be adopted and the price will likely continue to rise as a result. It makes perfect sense that they would try to profit from its price rise. lol
The government can tax crypto just like they can tax anything.
@@alanbishopman2022 You can buy tangible property with Bitcoin as it's consider real estate. Blame the US government for wanting to convert at USD pricing so they can get their tax cut 2 or 3 times. If the US government had their way they would send kids tax bills for swapping sandwiches at school.
“Give me liberty or give me bitcoin” - John Stuart Mill, circa 1776
That reminds me of the famous quote by Abraham Lincoln who said the trouble with quotes posted on the internet is often they are not true.
Almost forgot......buy Bitcoin !
Ask him: What value does cash create?
I was pleasantly suprised by the expletives.
He is the same guy who will say "let people who made bad investment fail, that's how free market work", but when it comes to crypto he wants the government to come in "communist style" and heavily regulate it or even ban it? this sounds like someone who wants to change the rule of a game when they start to lose, which is surprising considering he's already made billions...
who is this reporter, I fell in love with her, she has something special!
This is neither intelligent nor clever in any way. Spouting non-sensical blanket statements about technology which he does not comprehend, or the very currencies he has benefited from while peddling rat poison like Coke and McDonalds to the world for decades. Enjoy your last kick at that can 👋
Okay boomer as bitcoin goes from 0 cent to 24k its literally the best performing asset of all time better then anything fact fact
Boomers are 1946 - 1964 and he was born in 1924.
he just called himself an idiot cause Blackrock is an institutional investor in HIVE blockchain
yeah. this guy. his opinion. is this live from the cnbc nursing home?
Charlie and Warren are in their 90’s ( Charlie is 99) but have energy of 65 year old.
They wake up every day to balance sheets, income statements and sales reports…. That’s very exciting, keeps your mind sharp and your spirits high
I will say it, "that was not a counter argument to crypto"
Crypto is not an argument, so no counter argument is required.
What's the counter argument to pig ass?
what is the argument for crypto that a counter argument needs to counter?
Becky is having a good laugh triggering him
bitcoin up over 30% ever since he made this statement lol
Hey they can’t print Bitcoin but paper currencies they can.
I’ll bet on the longevity of BTC over Charlie Munger. If you think I’m being petty just remind yourself that this guy has continued trolling the crypto community for years.
Maybe he should talk about how “smart” he was buying BABA.
Charlie Munger acquired 300 Thousand Alibaba Group Holding Ltd - ADR shares worth $31.3 Million. That's 15.85% of their entire equity portfolio (3rd largest holding). Charlie Munger started to build up the position in Alibaba Group Holding Ltd - ADR in Q1 2021 and continued to invest until Q4 2021. Since then they sold 302 Thousand shares. The investor's estimated purchase price is $54.4 Million, resulting in a loss of 43%. Genius👍
Yeah Buffett and Munger aren't known for their technology plays. Munger correctly sees Bitcoin as a threat to the traditional banking system of which he is invested in. Of course he's gonna do his best to FUD crypto before Bitcoin puts him out of business.
Charlie Munger is mad at crypto 😂
Ha ha ha who's mad at magic beans?
Charlie picked AliBABA and thought it was great but was a piece of CRAP !!!!!!! Charlie dislikes Crypto and Crypto is Great !!!!!!!! Charlie is too old to understand New Technology !!!!!!!! Charlie is Living in the past in Denial of the future!!!!!!!
A national currency holder talking..
mr Charlie not body has said to replace money but this is a asset way better than gold because the cost of this is way cheaper than gold
Don't you think all the power required to mine it is counterproductive and detrimental to society?
Who cares what he thinks? Certainly not me. Blockchain and cryptocurrencies are the future. He's stuck in the past where he earned his billions.