Charlie Munger wishes that crypto never existed and applauds countries that are banning it

"I wish they'd never been invented," Munger said at the Sohn conference in Sydney on Friday, in interview

"I admire the Chinese, I think they made the correct decision, which was to simply ban them," Munger added.

And I left the best for end:

"I don't welcome a currency that's so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air."

Useful to kidnappers? Yeah dude, that would be your beloved cash, not crypto.