Berkshire Hathaway Vice President Charles Munger once again criticized digital assets in an interview with the Australian Financial Review. He stated that he would “never touch” any of them.

The 98-year-old billionaire noted that he is not interested in undermining national currencies. Munger urged never to invest in a new asset class. According to him, the only correct approach to this “mass stupidity” is to “totally avoid” it.

“I think anyone selling these things is either misguided or bad. […] Cryptocurrencies are not investments in anything, and the man trying to sell you an investment for nothing says: “I don’t have anything special that’s hard to do more of,” said Warren Buffett’s partner.

Munger added that the best investment would be to buy stock from companies that are “really interested in real business.”

At the time of writing, Berkshire Hathaway has a capitalization of over $612 billion and is the seventh largest company in the world.

Earlier, Berkshire Hathaway’s executive vice president compared Tesla and bitcoin to “lice and fleas” and also questioned digital gold’s ability to “become a global means of payment.”

In December 2021, Munger said that Chinese authorities made the right decision by banning cryptocurrencies and related activities.

Recall that in February 2022, the billionaire compared digital assets to a “venereal disease.”

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