Li Lu, the value investor often called China’s Buffett, stated at Columbia Business School on October 15, 2026 that cryptocurrencies would eventually disappear on their own. His main argument rests on the absence of enforcement mechanisms specific to sovereign states, which he considers essential to the functioning of money. Li Lu, who founded Himalaya Capital in 1997, did not call for a ban on cryptocurrencies but believes this asset class carries a built-in structural flaw. His remarks did not trigger any notable market reaction.
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