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Bitcoin: what do billionaires think?
Bitcoin: what do billionaires think?
Bitcoin

Bitcoin: what do billionaires think?

By Marco Cavicchioli - 7 Mar 2020

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Over the years, some billionaires have publicly expressed their opinions on Bitcoin and cryptocurrencies. 

However, taking the list of the richest men on the planet, it turns out that only a few of them have expressed themselves on the subject. 

For example, Amazon’s Jeff Bezos, who currently turns out to be the richest man in the world, has never expressed a clear opinion about Bitcoin, although there are rumours that he might have some in his wallet. 

As a matter of fact, Amazon was repeatedly linked to cryptocurrencies, in the always denied hypothesis that it was working on a token, though only unconfirmed rumours remain. 

Bill Gates, on the other hand, the wealthiest man on the planet for a long time, has been expressing himself about it since 2014, saying that Bitcoin was an interesting technology and that it had several advantages over fiat currencies. 

However, he also later pointed out the highly speculative aspects of the BTC financial asset, making it clear that he is more interested in technological aspects than financial ones. 

A billionaire who instead has always had a strongly negative position towards Bitcoin is Warren Buffett, who repeatedly called it worthless, even after the charity dinner he had with Justin Sun. 

His position has always been negative, although perhaps over time the tones have changed a bit. His judgment has remained almost the same, but at least he seems to have stopped mocking this innovation as if it deserved nothing but derision. 

Some billionaires who have not yet expressed themselves publicly on Bitcoin and cryptocurrencies, such as Bernard Arnault of the luxury giant LVMH or Larry Ellison of Oracle, have however allowed their companies to experiment with blockchain and DLT-based solutions, so if from the financial point of view apparently they do not seem to be involved, from the technological standpoint they actually are. 

In reality, the technology of distributed ledgers loses a lot of meaning if separated from cryptocurrencies, so the interest in this technology, if it is deep and sincere, inevitably tends to lead to the world of cryptocurrencies and tokens. 

One who has not only expressed himself but is absolutely involved in this kind of technological developments is the co-founder and CEO of Facebook Mark Zuckerberg, who has repeatedly expressed himself mainly on Libra and these new technologies. 

In fact, he has even been heard by the US Congress on the subject, just like people who are well informed about the facts. 

As a result, it is possible to say that among the world’s top billionaires who have expressed a clear opinion on the subject, there are currently no real enthusiasts of the Bitcoin financial asset, while there are several who have expressed their support for the technology behind it. 

And even those who, like Buffett, are strongly opposed, have never publicly expressed themselves against the technological aspects, but against the financial ones. 

Obviously, there are also many other positions among the billionaires who are not in the world’s top 10, such as Jack Dorsey of Twitter or the Winklevoss brothers who are completely in favour and personally involved in the development, or Peter Schiff who is a strong critic of Bitcoin, especially at the financial level. 

Marco Cavicchioli
Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".

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