Bitcoin Hits 8-Mo High Above $25,000 As Institutional Flows Accelerate, Munger Melts Down

FYI.

Bitcoin Hits 8-Mo High Above $25,000 As Institutional Flows Accelerate, Munger Melts Down:

On the same day as 99-year-old Charlie Munger reiterated his hatred for crypto, mumbling that he’s not proud of his country for allowing this “crap”, the price of bitcoin (and other major coins) is soaring.

“Well, I call it crypto shit. It’s worthless, it’s no good, it’s crazy, it’ll do nothing but harm, it’s antisocial to allow it,” Munger said during a live-streamed interview for the Daily Journal.

The last 36 hours have seen Bitcoin surge from below $22,000 to above $25,000…

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