This billionaire sees lots of value, but thinks the price is in a bubble

what billionaires think about bitcoin

Billionaires became billionaires because they know how to play the game of wealth. This makes me curious about their thoughts about Bitcoin, and basically about cryptocurrencies in general.

Do these billionaires believe that digital currencies will create a huge impact in the future? Dallas Mavericks owner and investor Mark Cuban made news in the cryptocurrency world recently when he made the following tweet:. Within hours of his tweet the price of Bitcoin fell , he then tweeted:. So testy. While this does highlight the volatility of the Bitcoin, it also brings attention to just how sustainable the coins current high price is.

However, Cuban does have a great enthusiasm for the underlying technology of the blockchain. I think blockchain is very valuable and will be at the core of most transactions in the future.

During the interview, Buffett offered this advice to readers:. Stay away from it. Many dismissed his comments, however, since Buffett has avoided investing in new technology throughout his career, admitting that he does not understand them well enough to invest.

A cautionary lesson in research there. Tech venture capitalist Marc Andreessen echoed the sentiments of many in the tech industry:. Not only does UK tech billionaire Sir Richard Branson speak highly of Bitcoin and blockchain technology, he also suggests applications for the technology in a socially beneficial way.

Using the technology to create a better, more secure and forgery-proof land titling system is just one of the real-world applications Branson envisions. This would ideal for developing countries and places where corruption is rife, as land titles are regularly disputed.

Branson also holds annual Blockchain Summit events on his own private island where blockchain experts and developers, as well as the top minds across a wide range of industries, brainstorm new ideas and applications for the technology.

Ultimately, his attitude towards bitcoin is that it is working, and working successfully. He does recognize, however, that there is room for even better solutions than Bitcoin currently provides. Have these Billionaires got the right idea about Bitcoin?

Should they be doing more like Richard Branson in promoting it and looking for active uses? Let us know in the comments below? Do you think that personal data should be shared with websites? US Senator Josh Hawley thinks otherwise. How secure is your online privacy? Internet users might have no conception that their personal information entered online are. Is there anything else that blockchain cannot do? Louis Vuitton along with ConsenSys and Microsoft have teamed up to.

Nokia, the Finnish company up to shaping the future technology to transform the human experience, is at it again. Nowadays, the competitive business world focuses a lot on how the digital currency market is doing.

This is understandable;. Cryptos are reaching new heights! Bitcoin is still rising! Bitcoin is truly unstoppable! It continues to break its records over and over!

Despite the. Share Tweet. What are billionaires real thoughts about Bitcoin? During the interview, Buffett offered this advice to readers: Stay away from it. You may also read! Leave a reply: Cancel Reply Your email address will not be published. Mobile Sliding Menu Search for:. Sep 1, 0 Comments By: Maureen Santos.

what billionaires think about bitcoin

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Their names are Cameron and Tyler Winklevoss, identical twins and Olympic athletes, famously portrayed in the film "The Social Network" as a privileged pair of handsome Harvard jocks who believed nerdy classmate Mark Zuckerberg stole their idea for Facebook. Of their portrayal in the film, Tyler Winklevoss said, "They were a bit stiff and maybe not full-dimensional. Cameron said, "If you believe that bitcoin is the beginning of the internet of money, you can actually buy a piece of it. Anybody in the world. And there's tons of people who have made a lot buying a piece of that future. Ben Mezrich wrote the book on which "The Social Network" movie was based. A decade later, news that the Winklevoss twins has gambled big, and won, by investing in bitcoin got his attention: "It made me start to think that they weren't at the helm of two revolutions by accident.

CryptoCurry

It's fair to say that not only is bitcoin hitting record highs, but the market is extremely volatile. Many people have made speculative investments in the currency, with no upper limit to the price of a "coin" in sight. While I never recommend buying or not buying an investment simply because of what a billionaire says, it can be a smart idea to listen to what some of the most successful people in the world have to say. This is why Warren Buffett's investing wisdom is so widely followed, just to name one example. With that in mind, here are what three of the most respected billionaires in the world have said about bitcoin. Billionaire investor and Shark Tank star Mark Cuban seems to have mixed feelings on bitcoin. On the bearish side of things, in a recent series of tweets, Cuban made it clear that he thinks bitcoin is in a bubble. I just don't know when or how much it corrects," tweeted Cuban.

what billionaires think about bitcoin

Bitcoin EXPLAINED - What Buffett, Musk, Cuban, Gates, Dalio, and more Think of CRYPTOCURRENCIES

This billionaire sees lots of value, but thinks the price is in a bubble

Economic Calendar Tax Withholding Calculator. Penny Stocks. The Winklevoss twins are focused on building an ecosystem to attract institutional investors and day traders to the cryptocurrency. Then I would suggest that he make a strong bully pulpit statement saying, "The United States is open for business! The billionaire felt that this was further proof of his point, and tweeted a few hours later: "You know it's a bubble when a random twitter thread bounces the price. Louis Vuitton along with ConsenSys and Microsoft have teamed more info to. I'm thinking long term I'll use it, spend it, what billionaires think about bitcoin it, or just keep it. Your Practice. Mark DeCambre is MarketWatch's markets editor. At last year's Virgin Disruptors event in London, Branson specifically mentioned a potential application of using the blockchain to create a better land titling. The Bitcoin blockchain hasn't been hacked, but banks are constantly being hacked. Not surprisingly, the response by many tech industry heavyweights, such as Marc Andreessen, was to dismiss Buffett's comments, claiming bitcoin is yet another new technology Buffett doesn't understand. Do these billionaires believe that digital currencies will create a huge impact in the future?

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