From Musk to Buffett, the 8 billionaires’ “Bitcoin attitude”

Bitcoin in 2021 is no longer the same. Today’s Bitcoin has not only brought greater benefits to early investors, but has also begun to dominate financial topics and even become “headline news.”

Although the creator “Satoshi Nakamoto” is still a mystery, Bitcoin has had an elusive appeal since its birth, and more and more celebrities have jumped onto the cryptocurrency “train”. In addition to the millennial generation, Bitcoin fans also have many “super rich”. From Musk to Buffett, let’s take a look at the views of the eight billionaires on Bitcoin.

1. Elon Musk: “Mixed feelings”

Elon Musk repeatedly “calls” Bitcoin on Twitter, and even changed his profile to “#bitcoin”, just when Microstrategy CEO Michael Saylor recommended that Elon Musk should add some to Tesla’s balance sheet After Bitcoin, Tesla officially announced in early February that it had invested a total of 1.5 billion U.S. dollars in Bitcoin, and stated that it expects to begin accepting Bitcoin as a form of payment product in the near future, which will be subject to applicable laws and will initially Based on a limited basis. In addition, in the future, some cash may be invested in alternative reserve assets, including digital assets, gold, and gold ETFs.

However, Elon Musk did not have “All-In” Bitcoin. He later made some comments that were not optimistic about Bitcoin, saying that when the real interest rate of legal tender is negative, only fools will not turn to other investment methods. Bitcoin is “almost” as nonsense as legal tender, and the key word is-Almost. On the other hand, Elon Musk’s support for Dogecoin also seems to give people a “joking” feeling. In addition, according to previous reports from Marketwatch, Elon Musk said in 2019 that although the structure of Bitcoin is “dazzling”, it is not Not necessarily very suitable for Tesla.

2. The Winklevoss Brothers: “The Turn of the Century”

Let me talk about it first, the “cross” in the “turn of the century” here represents the meaning of “transaction”.

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Cameron Winklevoss (Cameron Winklevoss) and Tyler Winklevoss (Tyler Winklevoss) are famous for their “no admit defeat”. They not only participated in the double scull competition of the Beijing Olympics (won sixth Name) and sued former alumni, Facebook CEO Mark Zuckerberg (Mark Zuckerberg), claiming that the latter had stolen their ideas.

In 2018, Cameron Winklevos and Taylor Winklevos lost $600 million in Bitcoin wealth due to the cryptocurrency bear market, but they did not “conquer”. In November 2020, the two became Bitcoin billionaires again. According to Bloomberg’s estimation, their wealth has soared due to the rise in the price of Bitcoin, and they have become a “10-figure club”. In a recent interview with Real Vision, Tyler Winklevoss predicted that the value of Bitcoin would increase by 30 times, calling it the “turn of the century.”

3. Mark Cuban: “A fan of cryptocurrency, feels like a religious believer”

NBA Dallas Mavericks owner Mark Cuban (Mark Cuban) said that cryptocurrency supporters behave as if they are in “religion.” In an interview with Forbes, Cuban stated that Bitcoin is a store of value like gold. It is more of a religion than a solution to any problem. Countries will take measures to protect legal tender and levy taxes. Ability, so the more people believe that Bitcoin is not just a store of value, the greater the risk of government intervention.

Mark Cuban has been skeptical of Bitcoin before. He once said in December 2019 that Bitcoin “has no chance” to become a reliable currency. He also compared Bitcoin with bananas and said that he would rather eat bananas. .

But now Mark Cuban’s attitude towards Bitcoin has changed. He told Peter Schiff, one of the biggest opponents of cryptocurrency and a “hard-hearted” supporter of gold—as a store of value, gold is dead, and Bitcoin and Ethereum can To give people access to banking services, they support frictionless exchange of value, and this technology can be extended to an unlimited range of commercial and personal applications. The products we see today with encryption functions are just proofs of concept. With the continuous advancement of technology, cryptocurrencies will become faster and cheaper, and new applications will appear. In the future, it may even replace the encryption we know today. Technology, but gold will never change, which is why it is gradually disappearing as a store of value.

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4. Mike Novogratz: “2020 is the gospel of the cryptocurrency revolution”

Mike Novogratz (Mike Novogratz) is the founder of the crypto fund Galaxy Digital Capital Management and was previously a partner of Goldman Sachs. In November 2020, he suggested on Twitter that “Game of Thrones” star Maisie Williams (Maisie Williams) buy some Bitcoin (Note: If Maisie Williams follows Mike Novogratz’s recommendation to buy In the case of Bitcoin, it should be quite rewarding now).

In a recent interview with Real Vision, Mike Novogratz said frankly that the new crown virus epidemic has accelerated this “cryptocurrency revolution”. He explained: “After five years, if we look back at 2020, we may only be able to feel that the new crown virus is How terrible it is that it has taken the lives of many people… But when we look back at the past with another eye, you will feel that there are gains in the crisis, and that is the cryptocurrency revolution.”

5. Sam Zell: “Still skeptical about Bitcoin”

Sam Zell is a world-renowned real estate giant and investor. He also recently talked about Bitcoin: “Frankly speaking, I am very skeptical of Bitcoin. Bitcoin may be the final answer, or it may be the final answer. One. But now, the world is full of chameleons and many talkative people. We don’t believe those who are involved in the cryptocurrency industry. They are not the kind of people I want to follow.”

6. Carl Icahn: “I won’t touch Bitcoin”

Carl Icahn, a well-known investor, ranked 39th on the “2020 Forbes US Rich List” with a fortune of $14 billion in 2020. However, in a previous interview with CNBC, he stated that Bitcoin and other cryptocurrencies are “very Ridiculous” (ridiculous).

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Carl Icahn explained: “I don’t like cryptocurrencies. Maybe it’s because I don’t understand them. I don’t know how cryptocurrencies are regulated. Maybe I’m too old for us and I won’t touch those things.”

8. Warren Buffett: “Not a fan of Bitcoin”

In February 2021, Warren E. Buffett said some harsh words about Bitcoin and cryptocurrencies in an interview with CNBC, calling them “basically worthless.”

On March 2, 2021, Warren Buffett ranked 6th in the “2021 Hurun Global Rich List” with a fortune of 589 billion yuan.

Warren Buffett explained: “Except for the accident of selling Bitcoin and cryptocurrencies to others, you basically can’t do anything with them, but in the end, the unlucky one may be the next buyer.”

Warren Buffett reiterated that he does not have any cryptocurrency and will never own it.

Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.