Munger Protégé Li Lu Calls Crypto “Fundamentally Bogus” and Predicts Its Demise
Li Lu, Himalaya Capital’s founder, says crypto is fundamentally bogus and will eventually disappear, in a New York talk. The post Munger Protégé Li Lu Calls Crypto “Fundamentally Bogus” and Predicts Its Demise appeared first on BeInCrypto.
AI summary
Li Lu, founder of Himalaya Capital and a protégé of Charlie Munger, called crypto "fundamentally bogus" and predicted it will eventually disappear during a New York talk. The remarks carry no new data, regulatory action, or capital flows, and come from a value investor with no direct crypto exposure. Traders are unlikely to reprice assets on this alone, though it adds to the steady drumbeat of high-profile skepticism from traditional finance figures.
Narrative history
-
1H AGOYou’re reading thisMunger Protégé Li Lu Calls Crypto “Fundamentally Bogus” and Predicts Its DemiseBeInCrypto · Score 15
-
5H AGOCrypto Briefing · Score 15 · via Li, Lu
