Charlie Munger applause Chinese financial regulators

• Charlie Munger has appreciated how Chinese regulations silenced Jack Ma
• The billionaire investor has suggested the United States learn and opt for such Chinese policies
• Last year Munger had criticized the Chinese regulations
• Social media users are trolling Charlie for his double stance
• Following Munger’s roast of digital assets, the crypto community has not shown any mercy in critiquing him
• Jack Ma’s sympathizers and the crypto community came together to halt such mockery

Charlie Munger is a billionaire investor and the vice-chairman of Berkshire Hathaway. In 2018, the investor, along with Warren Buffet, had roasted cryptocurrencies- Since then, the crypto community has not shown any mercy in critiquing them and each move of the duo. Recently, the vice-chair of Berkshire Hathaway had applauded the Chinese regulations following its censorious act against Alibaba’s founder. Moreover, Munger also suggested the United States learn and opt for Chinese policies.

Charlie Munger mockery has been criticized

Charlie Munger has been mocking both Jack Ma and the US government. However, following his comments, Ma and the crypto community sympathizers came together to shut down such mockery. Moreover, taking the billionaire investors’ past and present actions into account, many have called him for his lack of knowledge and empathy.

Billionaire investor has shown double standards

Last year, Charlie Munger had criticized the Chinese regulators. The billionaire claimed that the regulators had unceremoniously halted Ant Group’s billion-dollar IPO project. He highlighted that the Chinese government is restricting innovations in the region. Furthermore, Munger claimed that such innovations in the business world are significant for a civilization.

And this year, Munger is suggesting the US should learn from Chinese regulations. Following the scenario, the billionaire investor has reached the receiving end of trolling on social platforms for showing such double standards. However, he clarified that he would never want to see the US adopting all the Chinese policies.

Cryptocurrency looked enraged at the hypocrisy

Since Warren Buffet and Charlie Munger mocked digital currencies last year, the crypto community has shown no mercy to them. Every move of the duo received several criticisms globally.

Munger also believes that the existence of cryptocurrency is a threat to civilizations. And referred to having a lack of ethics and trust in the blockchain ecosystem. Hence he compared virtual currencies to dementia.

Following such hypocrisy and pro-censorship stances, the crypto community has been observed enraged. Charlie Munger shows a supremacist attitude, which the community doesn’t appreciate a little. Hence, the crypto community completely condemns his move to advocate the Chinese government and advise the US to take notes.