Michael Saylor, the Executive Chairman of MicroStrategy, stated that Charlie and other prominent business leaders are constantly being asked for their opinion on Bitcoin (BTC), despite the fact that they have zero to no knowledge about the flagship cryptocurrency.

Saylor stated that he is “sympathetic” to Munger’s broad objections to crypto, and argued that Munger most likely did not get the time to research about it. Saylor remarked that if the 99-year-old Munger was a business leader in South America or Africa or Asia and spent 100 hours studying the subject, he would certainly be more positive on Bitcoin (BTC) than he was.

However, Saylor did partly agree with Munger’s comparison of cryptocurrencies to gambling. He was quoted as saying:

His criticisms of crypto aren’t totally off. There are 10,000 crypto tokens which are gambling, and I sympathize with him on that matter.