Munger Doubts AI Potential, Calls Crypto 'Stupid,' Echoing Buffett's Skepticism

Charlie Munger criticized hype around AI at a conference, acknowledged its importance but doubts its potential.

Munger labeled Bitcoin the "stupidest investment" and predicted most cryptocurrencies will lose all value.

Munger is a longtime crypto skeptic, previously comparing Bitcoin to "rat poison."

Munger echoes views of Warren Buffett, who called Bitcoin a "gambling token."

Cryptocurrencies have struggled to recover from a 2022 selloff that wiped off $200B in one day.