92 Views

Richard: “If You Don’t Get In Now, It Will haunt You Forever.”

Bitcoin emerged back in January 2009 after the mysterious Satoshi Nakamoto began working on the project two years prior. Bitcoin and other cryptocurrencies have since made quite the splash in economies worldwide. In October 2009, Bitcoin came up with an exchange rate: one U.S. dollar equals 1,309.03 BTC. Fast-forward to today, and one U.S. dollar equals 3,307.76 BTC. Between 2009 and present day, Bitcoin has received a hefty backing of powerful supporters, along with numerous skeptics and naysayers.

Those in support believe the blockchain technology that oversees Bitcoin is genius and keeps hands out of the pot when it comes to the people’s money. Those in opposition believe Bitcoin will fuel terrorism and money laundering among other illegal activities. And with the China Exchange halting the exchange of Bitcoin, its value is taking a hit.

All of this considered, Bitcoin continues to have powerful people in its favor — and valiantly against it. Here are the well-known lovers and haters of the famed Bitcoin. Let’s start with the lovers.

1. Bill Gates

Bill Gates

Bill Gates believes it can be a more convenient payment method. | Sean Gallup/Getty Images

The Microsoft co-founder made his Bitcoin support public back in 2014 at the Sibos Conference in Boston. Bill Gates told Entrepreneur, “Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.” And he believes in the technology Bitcoin is using.

Next: Is it working? This Virgin mogul weighs in.

2. Richard Branson

British billionaire Richard Branson

Richard Branson thinks the currency is working. | Adrian Dennis/AFP/Getty Images

Virgin founder and billionaire Richard Branson is a huge fan of the blockchain technology. In terms of whether Branson believes Bitcoin will work, he told Bitcoin.com, “Well, I think it is working. There may be other currencies like it that may be even better. But in the meantime, there’s a big industry around Bitcoin — people have made fortunes off Bitcoin, some have lost money. It is volatile, but people make money off of volatility too.” His Virgin Group company is happy to take Bitcoin in all sectors of its business.

Next: A famous actor and investor has us all listening.

3. Ashton Kutcher

Ashton Kutcher

Ashton Kutcher has become a successful investor in addition to acting. | ABC

While his heyday on That ’70s Show put Ashton Kutcher on all the ladies’ maps, Kutcher has had his hands in the venture capitalist pot for years now. Co-founder of the venture capitalist fund A-Grade, Kutcher has been very successful with his investments in the likes of Bitcoin, Airbnb, Uber and Spotify.

On Bitcoin, Kutcher has said, “The notion that we could civically monitor each other in an anonymous way actually keeps the anonymity of the Internet. We don’t have to worry about Big Brother, and that same infrastructure that built out Bitcoin could be used in the security industry for mass good.” Can’t help but wonder whether Kelso would be on the same page.

Next: A former Facebook exec explains the importance of staying tuned in.

4. Chamath Palihapitiya

Chamath Palihapitiya

He believes Bitcoin fights against value destruction. | Brian Ach/Getty Images for TechCrunch

Founder and CEO of venture capital fund Social + Capital and previous member of Facebook’s senior executive team, Chamath Palihapitiya is a leading supporter of Bitcoin. In May 2017, he tweeted, “Reiterating my belief about $BTC. It’s the ultimate insurance policy against autocracy, currency curbs and other forms of value destruction.” And though there’s a lot of hype surrounding the future of Bitcoin’s success with the recent announcement from China, Palihapitiya believesthese events are important for sparking interest and attention within the industry.

Next: An influential environmentalist knows way more than expected about the cryptocurrency

5. Al Gore

Al Gore speaking at environmental protection conference

He’s open to the innovation. | Nicholas Kamm/AFP/Getty Images

The former vice president and environmentalist is well known for his stance on climate change, as well as policies surrounding technology. Al Gore has been a longtime proponent of both Bitcoin and cryptocurrency technologies.

According to Coindesk, Gore said, “When Bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the Bitcoin universe an algorithm replaces the functions of [the government]…is actually pretty cool.” Gore continues to look forward to the innovators of our time developing new models to the cryptocurrency technologies.

Next: While the lovers pull some heavy weight in the success of Bitcoin’s investments, these haters are eager to see it disappear.

Those were the Bitcoin fans. Now, here are the opponents.

1. Warren Buffett

Warren Buffett

He doesn’t believe it’s a secure investment. | Drew Angerer/Getty Images

One of the most highly revered investors of our time, Warren Buffett is not on board for investing in Bitcoin. According to CNBC, the Berkshire Hathaway CEO warned interviewers to “stay away” from Bitcoin, as it is simply “a mirage.” While Buffett recognizes the convenience of the cryptocurrency, he doesn’t find it to be a worthy or secure investment.

Next: A major opponent has some strong words.

2. Jamie Dimon

Jamie Dimon

He’s definitely not a fan of Bitcoin. | Win McNamee/Getty Images

When it comes to Bitcoin, JPMorgan Chase and Co. CEO Jamie Dimon is easily the most heated. He went as far as to say he would fire employees if he found out they were investing in Bitcoin on grounds of stupidity, according to Bloomberg. His harsh opinions don’t really come as a huge surprise, considering that his bread and butter lies within the multinational banking of the U.S. dollar. Dimon claims that Bitcoin investments “won’t end well” for investors. He remains firm in his belief that Bitcoin is for murderers and criminals.

Next: Is Bitcoin overpriced?

3. Mohamed A. El-Erian

Mohamed El-Eria economist

He believes Bitcoin is overvalued. | Rob Kim/Getty Images

Chief economic adviser for Allianz, Mohamed A. El-Erian told CNBC the blockchain is a “disruptive technology” that should be priced at “half or a third” of what it is currently valued. El-Erian is a smart guy, so it’s a bit of a chin-scratcher when he explained that the Bitcoin is likely to “blow up” yet the current price would have to assume a “massive adoption,” which simply won’t happen at this price.

Next: This guy thinks Bitcoin is “evil.”

4. Paul Krugman

Paul Krugman

The instability of Bitcoin frustrates him. | Philippe Lopez/AFP/Getty Images

Esteemed economist and columnist for The New York Times, Paul Krugman is entirely unimpressedwith the positive kudos backing Bitcoin, writing that “to be successful, money must be both a medium of exchange and a reasonably stable store of value. And it remains completely unclear why Bitcoin should be a stable store of value.” It frustrates Krugman that he can’t seem to get a straight answer from investors as to how Bitcoin is a “reliable store of value.”

Next: This billionaire doesn’t understand what’s backing Bitcoin.

5. Howard Marks

Howard Marks of Oaktree Capital

He doesn’t understand the hype. | Oaktree Capital

Billionaire co-founder and co-chairman of Oaktree Capital Management, Howard Marks finds Bitcoin to be a commodity rather than a currency, saying that currencies don’t “go up 85 times in a year,” according to CNBC.

Although Marks is open about the fact that he might be “too old and too much of a dinosaur to understand Bitcoin,” he still doesn’t “understand what’s behind Bitcoin.” Marks remains extremely successful in predicting the financial market and how it will behave. But as of now, it might be too early to determine what will happen with Bitcoin’s overall success.

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

Richard is looking for South African testers!
Uncategorized
16 views
Uncategorized
16 views

Richard is looking for South African testers!

Editor - January 9, 2018

Richard Branson is een van de beste ondernemers en langetermijnbeleggers ooit. Hij creëerde een fortuin zoals weinige hem dat hebben voorgedaan. Het mag dan ook niet verwonderen…

Met dit systeem ben je iedereen slimmer af
Uncategorized
878 views
Uncategorized
878 views

Met dit systeem ben je iedereen slimmer af

Editor - January 3, 2018

Koers bitcoin is weer op weg naar 20.000 dollar De koers van de digitale munt bitcoin gaat hard op de 20.000 dollar af. Afgelopen vrijdag doorbrak de…

Dogs en babies, the best combination!
Uncategorized
5160 views
Uncategorized
5160 views

Dogs en babies, the best combination!

Editor - December 29, 2017

We from Credits-Mixte love dogs and love babies, so we came across this fantastic video that combines the two! It's so great to see this little newborns…

The heartwarming sight of dogs seeing their owners after a long time
Uncategorized
6014 views
Uncategorized
6014 views

The heartwarming sight of dogs seeing their owners after a long time

Editor - December 2, 2017

Our little friends can be so happy to see us again. It seems that seeing each other after a long time evokes the same feelings and emotions…

Unusual business ideas.. for the pet industry!
Uncategorized
7632 views
Uncategorized
7632 views

Unusual business ideas.. for the pet industry!

Editor - November 17, 2017

Are you an animal lover? We from Optionsuniversitystrategist sure are! It's amazing what that does for business, entire new industries are born this way. We know the…

Are you the boss at home? This little girl sure is!
Uncategorized
1227 views
Uncategorized
1227 views

Are you the boss at home? This little girl sure is!

Editor - November 14, 2017

This little girl knows exactly what she wants, do you know what you want as well? Haha what a laugh to see this little bosslady telling her…

In shedding bonds, Fed aims for boring end to crisis-era measures
Finance
108 views
Finance
108 views

In shedding bonds, Fed aims for boring end to crisis-era measures

Editor - October 25, 2017

© Reuters. The Federal Reserve building in Washington By Jonathan Spicer and Ann Saphir NEW YORK/SAN FRANCISCO (Reuters) - The U.S. Federal Reserve is set on Wednesday…

Crude oil gains in Asia with Irma impact and Chinese yuan in focus
Commodities
100 views
Commodities
100 views

Crude oil gains in Asia with Irma impact and Chinese yuan in focus

Editor - October 24, 2017

© Reuters. Crude gains in Asia Investing.com - Crude oil prices gained in Asia on Monday as the impact of Hurricane Irma was not as severe as…

ITG’s Selway drops out of running for key SEC job
Politics
82 views
Politics
82 views

ITG’s Selway drops out of running for key SEC job

Editor - October 24, 2017

ITG's Selway drops out of running for key SEC job (Reuters) - Jamie Selway, the leading candidate to head the U.S. Securities and Exchange Commission's Division of…

Tax inversion deals saved U.S. companies $45 million on average: CBO
Stock
127 views
Stock
127 views

Tax inversion deals saved U.S. companies $45 million on average: CBO

Editor - October 24, 2017

Tax inversion deals saved U.S. companies $45 million on average: CBO WASHINGTON (Reuters) - U.S. companies that shifted their tax domiciles abroad, if only on paper, between…