What do Billionares think of Bitcoin?

March 11th, 2020

What do Billionares think of Bitcoin?

Bitcoin has become a popular craze over the last couple of years. A large range of people have made comments on what they think of Bitcoin. 

Celebrities, politicians, and individuals of high power have shared their opinions with the public. Jeff Bezos, Bill Gates, Michael Bloomberg, and Mark Zuckerberg are just a few examples of these powerful figures.

There has been a complete mix of opinions when it comes to Bitcoin. Many believe that it allows for criminals to get away with theft, while others think that it helps out the less fortunate and provides new opportunities. 

Here is what some of the top Billionaires think of Bitcoin!

Jeff Bezos

According to Forbes.com, Jeff Bezos is the richest man in the world. He is worth about 131 billion dollars. Jeff is the founder of Amazon, the world biggest online retailer. 

There have been rumors that he has invested in Bitcoin, but none were confirmed. There were also rumors surrounding whether or not Amazon would accept Bitcoin as a form of payment, however these were not confirmed. 

It will be interesting to see how Bitcoin will interact with Amazon in the future as both continue to grow.

Bill Gates

Forbes has listed Bill Gates as the second richest man in the world. His net worth is around 109 billion. Bill Gates co founded Microsoft, which is the largest personal-computer software company. 

Back in 2014, Gates told Bloomberg that “Bitcoin is exciting because it shows how cheap it can be”. 

He actually took back those comments on CNBC’s “Squawk Box”. Gates ended up warning against it. He argued that it lacks essential value. Gates was actually given Bitcoin once as a birthday present! 

Michael Bloomberg

Michael Bloomberg is the 8th richest man in the world. He is worth about 55 billion dollars. Michael is the majority owner and co founder of Bloomberg LP. He was also the mayor of New York City from 2002-2013. 

Bloomberg published a proposal that could potentially affect the cryptocurrency market. This proposal was part of the financial reform he is hoping to implement if he wins the elections.  

“Cryptocurrencies have become an asset class worth hundreds of billions of dollars, yet regulatory oversight remains fragmented and undeveloped,” the plan reads. 

“For all the promise of the blockchain, bitcoin and initial coin offerings, there’s also plenty of hype, fraud and criminal activity.”

Here are more wealthy individuals who have vocalized their opinion on Bitcoin!

  • Mark Cuban
  • Warren Buffett
  • Bernard Arnault
  • Elon Musk
  • The Winklevoss twins
  • Bill Harris
  • Jack Dorsey
  • Chael Novogratz
  • Larry Ellison
  • Ray Dalio

Overall, there has been a mix of both hope and doubt. Many of these concerns come from a security aspect. It is important to consider a trusted bitcoin exchange when buying or selling. Let us know your thoughts!

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