Legendary investor Charlie Munger says crypto is a terrible bet, and the US should ban it entirely

• Charlie Munger slammed the rampant hype, lack of regulation, and unfairness of cryptocurrencies.
• Warren Buffett's right-hand man urged the US government to ban the fledgling industry entirely.
• Munger has blasted crypto as "rat poison," a "venereal disease," and an "open sewer" in the past.

Investing icon Charlie Munger has trashed the cryptocurrency industry as speculative, unregulated, and predatory, and called for the US to ban it altogether.