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Author: Admin | 2025-04-28
Think those three pieces are probably going to, when we look back on crypto in five, 10 years, we'll say those were kind of similar moments that led to, okay, eventually we got to a couple billion people using it every day.Peter Robinson: Okay, thank you. And now that was Warren Buffet. Now a couple seconds of Charlie Munger, his late investment party.Brian Armstrong: By the way, I don't know if that answer would've helped Warren Buffet, but... I think his point of view may actually, I haven't met him personally, but I think his point of view might be a little bit more like the dollar is king andPeter Robinson: Well, here's Charlie Munger.- Crypto is evil because it undermines the Federal Reserve system and the national currency system, which we desperately need to maintain its integrity and government control and so on.Peter Robinson: Okay, so that's a serious accusation. That's not just this thing isn't useful. Charlie Munger says, the late Charlie Munger says, that as crypto grows, more people hold crypto, fewer people hold dollars. That limits the ability of the Federal Reserve to control the currency, manage the economy, keep employment up, keep inflation down, all of that. And so what you are doing, as I understand Charlie Munger and Warren Buffet, their ordinary view would be, oh, what the heck, let Brian Armstrong play with Coinbase and see what emerges. That's the way the economy works. We take bets on things, we see what happens.
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