It has quickly become the news of century due to the many gains it has made. The cryptocurrency was first popularized in 2017. However, the currency began to plummet within the following year. This suggests that cryptocurrency may not be all it seems.
Bitcoin has attracted a large audience. Many celebrities, including Gwyneth Paltrow and Snoop Dogg, have expressed interest in cryptocurrency.
Bitcoin grew 300 percent in 2020. Future trends predict that it will be a major success as more millennials join the ranks. Investors believe bitcoin is one of the few currencies that has not been affected by the ongoing pandemic.
Although it’s still volatile, cryptocurrency is becoming very popular with billionaires. Here are some comments from billionaires about bitcoin.
Elon Musk Has Expressed Mixed Views
Elon Musk recently tweeted about feeling tempted to invest heavily in bitcoin. Michael Saylor, an entrepreneur and cryptocurrency advocate, posted a comment in which he suggested that Must convert Tesla’s balance sheets into bitcoin rather than dollars. Musk responded by asking if transactions of this magnitude could ever occur. You can also invest in bitcoin via online platforms. For more information, contact Yuan Payment Team
Musk maintained his mixed views. Musk’s tweet about how Bitcoin is almost as absurd as fiat money gained popularity, particularly since he jokedly promoted Dogecoin cryptocurrency.
The Winklevoss Twins Believe Cryptocurrency Is the Future
Typer Winklevoss and Cameron Winklevoss were Harvard graduates who became the first bitcoin billionaires in 2017. They are well-known for challenging Zuckerberg about the design of Facebook. They lost approximately $600 million in 2018 when bitcoin crashed.
The twins became billionaires again in November 2020 when bitcoin gains reached 10-digit levels. They predict that bitcoin’s value will shoot up to 30-fold in the near future.
Mark Cuban believes Cryptocurrency fans act like they follow a Religion
Cuban is not known for his positive vibes when it comes to bitcoin. He stated that cryptocurrency has ‘no chance’ to become a trusted currency in December 2019. He maintained this view in a Forbes interview.
Musk believes bitcoin is not the solution. It is, in fact, a store of value similar to gold. He doesn’t agree with BTC supporters who view cryptocurrency as a salvation grace in difficult times. Cuban used to liken bitcoin to bananas in the past.
Mike Novogratz believes that 2020 has been a blessing for the Era of Cryptocurrency
Novogratz is a strong supporter of Bitcoin. Novogratz even suggested to Maisie Williams, Game of Thrones’ star, to invest in bitcoin.
A Real Vision interview conducted recently revealed that Novogratz believed that the year of pandemic was a major catalyst for the cryptocurrency revolution. Novogratz believes that, even though 2020 was a horrible year with many deaths, it will be viewed as an era where cryptocurrency excelled.
Sam Zell is skeptical about Bitcoin
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Sam Zell, a large investor and real estate magnate, was recently asked his thoughts on cryptocurrency.
Zell seemed to be unsure about his opinions on cryptocurrency, even though he did not ignore it completely. Even though cryptocurrency might be the solution to all the world’s financial problems he said that it wasn’t the right time to concentrate on it. He believes cryptocurrency is currently populated with people he doesn’t trust because he lacks enough faith in their ideas.