Charlie Munger: Running a bank comes with a lot of "temptations to do the wrong thing" (he is advocating for Bitcoin without even realizing it).
When I saw the statement above from Charlie Munger a few hours ago I just busted into laughter because it is so ironic that such a strong criticizer of Bitcoin and Crypto like Charlie Munger is making one of the best arguments for Bitcoin out there, because he is trying to tell us not to trust the banks with our money in one statement and at the time he is promoting Bitcoin and Altcoins without even knowing it.
There are no temptations in owning Bitcoin and Crypto or running Bitcoin and Crypto nodes. In my opinion, Charlie Munger probably knows more than he is saying, and also with great power comes great responsibility, At least with Bitcoin and Crypto, someone's temptation would not cause problems for others and hurt the country's economy, but temptation from bank owners and those who run banks can hurt their customers and country's economy, For Example: Banks print money as much as they can (the biggest temptation), without considering the harm it will cause to the buying power of the country's fiat currency.
Decentralization is the next revolution and many banks are scared of it and that is why they are against Bitcoin and crypto instead of embracing it, but today many of them are already indicating some form of interest in crypto, as they now offer crypto services to their customers to stay relevant and not lose their customers to other bank who offer crypto services or to crypto exchanges.
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