Charlie Munger thinks investing in Cryptocurrency is insane.

[hermetic]

5. How about a "bitcoin city"?

There is a proposal from El Salvadoran President Nayib Bukele to build the world's first "Bitcoin City"—it will be very green with the city and the Bitcoin mining all powered by the geothermal heat of a volcano.

While residents of Pompeii and Herculaneum were not available for comment, building a city in the shadow of the live Conchagua volcano makes a lot of sense if you can harvest the energy and turn it into electricity. The government plans to issue a $1 billion "volcano bond" to raise money, half of which will be invested in Bitcoin and half of which will be used to build out the city. According to Reuters, Bukele invited people, stating: “Invest here and make all the money you want. This is a fully ecological city that works and is energized by a volcano.”

https://www.treehugger.com/volcano-powered-bitcoin-city-proposed-for-el-salvador-5210927

What could possibly go wrong? I think I will stick with my mutual funds.