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Its obviously outside of the scope of what Munger and Buffet consider to have value. His answer is no surprise, it goes against what the majority of people over 40 have ever experienced in the financial markets. Crypto is a young man's game at this stage it seems. People don't understand it so they are discounting it more than they should be perhaps.
For the record, I agree crypto is an insane bubble that will burst, but I also think the long term prospects for the whole system are definitely there. In the mean time, make hay while the sun shines with as much money as you're willing to lose!
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