Munger's Successor: Crypto Will Eventually Disappear on Its OwnOn October 15, 2026, Li Lu, founder...

Munger's Successor: Crypto Will Eventually Disappear on Its OwnOn October 15, 2026, Li Lu, founder of Himalaya Capital and Munger's successor, said in an interview at Columbia Business School that crypto is fundamentally bogus and will eventually disappear on its own. He argued that a currency's functions as a means of settlement and a store of wealth require an enforcement mechanism, and advocated banning crypto because it facilitates illicit transactions. He also warned that an excessive focus on short-term performance turns investors into speculators, and that investors must choose between letting the market instruct them and letting it serve them.

Source: Wu Blockchain