Charlie Munger and other elite Western business leaders are continually prodded for their opinion on bitcoin (BTC), but they haven’t had the time to study it, said MicroStrategy (MSTR) Executive Chairman Michael Saylor, appearing on CNBC one day after his company’s fourth-quarter earnings results.
Saylor said he is “sympathetic” to Munger’s broad crypto criticisms, and he called out the thousands of nonbitcoin tokens as little more than avenues for “gambling.”
However, said Saylor, “If [Munger] were a business leader in South America or Africa or Asia and he spent 100 hours studying the problem, he would be more bullish on bitcoin than I am.”
The “plight of the common man,” said Saylor, is better illustrated by recent events in Lebanon, Argentina, Sri Lanka, Nigeria and Venezuela – where local currencies have plunged in value.
