Charlie Munger's Pupil Calls Crypto 'Inherently Worthless,' Predicts Market Will Disappear
Li Lu, founder of Himalaya Capital and one of the investors Charlie Munger held in high regard, has delivered a sharply negative verdict on crypto.
Speaking at the 36th Graham & Dodd Luncheon in New York on October 5, Li Lu stated that crypto will eventually disappear on its own.
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.

TakiBera 40 minutes ago

I always thought I only used around 300–500 million Tokens a day,
with average daily consumption of 150 million on Grokbot, plus my Token usage on other platforms, I thought it came to 300–500 million a day overall.
But ever since I started using Dot on @ChatGPT, my Token consumption has become unbelievable. 🤣
Can these numbers really be right? Any given day is at least 1 billion.

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500XDarkHorse an hour ago

Daily data available, trouncing gold$XAUUSD

XAUUSD-1.15%

SheenCrypto26 minutes ago

#美股AI和加密概念上涨
U.S. AI and Crypto-Related Stocks Rise: Is a New Growth Wave Emerging?
Introduction:
The U.S. stock market continues to attract attention as artificial intelligence (AI) and cryptocurrency-related stocks show upward momentum. These two sectors have become important parts of the modern financial landscape, driven by technological innovation, growing institutional interest, and expectations for long-term digital transformation. The recent rise in AI and crypto-related stocks highlights how investors are positioning themselves around emerging technologies and the future of the digit

BTC+0.16%

GateUser-67f8c87d 40 minutes ago

Want to open an account with a Hong Kong brokerage? You need a Hong Kong bank card, so how do you transfer money from mainland China?
People ask me this question every day.
A few days ago, I spent over half an hour on a voice call answering a client's questions. Today, I'll explain 3 key misconceptions and 2 legitimate ways to do it all at once. I recommend saving this and taking a closer look when you need it!
First, let's go over some common mistakes to avoid🙅.
Misconception 1: Carrying a large amount of cash into Hong Kong🇭🇰;
Under the rules, each person can take out of the country up to

ShunYue an hour ago

This morning's ETH outlook
Trade:
Long near 2430–2410
First target: 2450–2470
Second target: 2500–2500
Set a stop-loss
Ethereum has retreated from a high near 2526 and is currently below the Bollinger midline. The MACD has formed a death cross at a high level, with bearish green bars expanding, putting the short-term trend in a pullback and bottom-finding phase. Notably, the short-term RSI has fallen to 22.85, deep in oversold territory, so the room for further downside is limited and a technical oversold rebound could be triggered at any time. The market is currently oversold after a sharp dr

ETH-0.25%

MadRushesInTheCrypto 7 minutes ago

A-share 3,600-point check-in record:
🗓️ April 12, 2007 (first meeting)
🗓️ March 19, 2015 (reunited in a bull market)
🗓️ July 6, 2020 (returned after the pandemic)
🗓️ January 12, 2021 & January 4, 2022 (two years of check-ins)
🗓️ October 8, 2024 & July-August 2025 (back and forth repeatedly)
🗓️ October 2026 (it's back again!)
Suggest renaming it “A-share Stablecoin” 🔒. Compared with the long bull run in U.S. stocks, this is stability day in, day out for 20 years! No matter how the world changes, 3,600 points will always be home. 😂📉 #A股 #Stablecoin

CryptoMishu38 minutes ago

GateLiveChinese2026-10-22 01:19:44

🌈 Gate Live Livestream Ideas - October 22
Hot Topics:
🔹Meta's Q3 revenue grew 26%! Full-year AI capital expenditure could reach $145 billion. When will AI investments start turning into profits?
🔹Tesla's Q3 net income fell 44% year over year! Free cash flow unexpectedly turned positive. Can Robotaxi and AI businesses support a new valuation?
🔹Musk explores merging SpaceX and Tesla! If the two giants join forces, what kind of business landscape could emerge from the collision of the space economy and autonomous driving?
🔹SpaceX posts its first quarterly profit since going public! Q3 revenue beats expectations. Can AI computing power and the space economy unlock a trillion-dollar market?
🔹Demand for AI chips gets another boost! Super Micro raises its revenue forecast. How long can the AI computing investment boom last?
🔹Solana's major Alpenglow upgrade officially goes live! The target for transaction finality is cut to 150 milliseconds. Can the SOL ecosystem embark on a new round of growth?
🔹Bitcoin ETFs see net outflows for two consecutive weeks! Are institutional investors retreating or waiting for a better entry point?
🔹ETH and SOL have come under pressure recently! As market capital continues to diverge, will BTC or altcoins kick off the next rally?
🔹AI stocks rebound strongly, but the market remains concerned about massive capital expenditures! Is this rally the start of a new bull run or just a short-term rebound?
🔹U.S. initial jobless claims are due soon! How will changes in the labor market affect Fed rate-cut expectations and the crypto market?
🔹A key protocol upgrade to the XRP Ledger is entering its final countdown! Can network improvements boost activity in the XRP ecosystem and draw greater market attention?
Go live with any topic for a chance to be featured on the official website's homepage!
🔥 More topic ideas and tips: https://www.gate.com/help/community-center/live_chat/49345

TSLA+3.40%

SPCX+7.65%

BTC+2.41%

SOL-0.40%

ETH-0.17%

DiamondGourdIsland 2 hours ago

Guys, short AKE$AKE

AKE-35.60%

StarshineWisdomEyesSmartTravel 2 hours ago

$BTC Just one step away from $85,000!
The price has already surged to $84,780! Whale sell walls are clustering overhead. The $85,000–$86,000 range is becoming a key battleground! If BTC breaks through this time, the bears may be in for another rough ride! The latest Coinglass whale order book chart shows BTC rallying from around $82,178 to a high of $84,875, and currently consolidating near $84,780. Notably, there is a sell order worth about $27.3 million at $85,700, another worth about $25.8 million near $85,900, and sell orders worth about $12.9 million and $11.4 million stacked at $85,950 a

SNDK-4.86%

SheenCryptoan hour ago

#btc Title: Market Alert: Sudden Crypto Drop - How to Protect Your Portfolio
The cryptocurrency market is known for its high volatility, and today’s charts are a perfect example of this. As seen in recent trading sessions, major pairs like ETH/USDT and XRP/USDT experienced a sharp downward movement, with consecutive red candles breaking key support levels.
Looking at the current chart (like the one above), we can see a rapid price decline. While panic selling is a common reaction, experienced traders know that such volatility also brings opportunities. It is crucial to rely on technical analys

BTC+0.16%

ETH-0.17%

XRP+0.98%

AFuFuFu8 minutes agoBearish

#btc Add to your position when it's time, then just wait
Wait patiently for the flowers to bloom

BTC+0.16%

It_sACoinCircleRooki2 hours ago

Working is just to keep ordinary people contained, then leave the world for the wealthy to enjoy.
When you go out for fun on holidays, it’s like prisoners getting their group yard time. Hey, it’s time, so you go out for a few days and then come back.
And luxury goods aren’t advertised to get us to buy them, but to make sure we recognize the brand, so when rich people take out their luxury items, hey, we won’t fail to recognize them and spoil the mood, right? Hey 🥹

AFujianWuYanzuLittleBear2 hours ago

Two highly profitable short entries, both nailed right at the tip of the wick!
Being badass is all that matters—what’s there to be afraid of when shorting?

BrotherDongBit 2 hours ago

10.22 Market Analysis
BTC Strategy Reference Setup
Pullback zone: look to enter long after holding around 83200–83600
Stop loss: 82600
First target: 85200, second target: 86500
After rising, the market is consolidating; the bullish structure remains intact.
The daily chart is holding above 82800, with prices moving higher and the broader trend likely to continue upward.
The 4-hour chart is strengthening with consecutive bullish candles; pullbacks are quickly absorbed, volume and price action are healthy with no bearish divergence, and holding above 84300 puts it in a strong bullish range.
A sl

BTC+0.12%

ETH-0.25%

Jingjing12 2 hours ago

🔥 In 2026, AI remains a tech trend worth keeping an eye on!
Artificial intelligence is moving beyond simple content generation and into a wider range of work scenarios.
AI for office work, smart manufacturing, automated workflows, large model applications… More and more fields are exploring how to use AI to boost efficiency.
One of the foundations that makes these applications run is computing power.
Understanding AI computing power means more than understanding servers and GPUs; it also means understanding how the AI industry works.
Only by understanding technological developments and real-w

GateLaunch30 minutes ago

Gate pre-market contracts are live: $PREDICT
🔹 Supports 1-10x long and short positions
🔹 Leverage can be selected when placing an order
Trade: https://www.gate.com/futures/USDT/PREDICT_USDT
More: https://www.gate.com/zh/announcements/article/102368

PREDICT+20.08%

MrChoto 29 minutes ago

🔥 BITCOIN'S NEXT MOVE: $90K OR A SURPRISE REVERSAL?
We are officially reclaiming key support levels after pushing back into the major $84k–$94k range.
If this breakout holds, expect $90,000 to hit faster than you think. ⚡️
#BTC #Bitcoin #CryptoNews #CryptoTrading #BullRun