bitcoinBTC/USD
$ 20,099.00
ethereumETH/USD
$ 1,131.50
tetherUSDT/USD
$ 0.999846
cardanoADA/USD
$ 0.455306
xrpXRP/USD
$ 0.32365
usd-coinUSDC/USD
$ 1.00

Billionaires Think Bitcoin is Better than Gold, Some Prefer Ethereum the Most

Billionaires Think Bitcoin is Better than Gold, Some Prefer Ethereum the Most

Billionaires are backing Bitcoin over gold, some even considering Ethereum being even better. These comments follow after Jamie Dimon, the JPMorgan Ceo, who called Bitcoin useless.

Other billionaires, including, Barry Sternlicht, were asked for their take on Dimon’s negative opinion on BTC. Gold is the useless one having only minor industrial uses, was Sternlicht’s response to it, insisting on the importance of Bitcoin.

Sternlicht’s net worth goes up to $4.4 billion, and he is mostly recognized for his investment in real estate. His firm started in the early years of 1991 and is reported to oversee roughly $95 billion in assets (AUM).

The co-founder of Starwood Capital Group explained that the reason he is holding on to BTC is that every government in the western hemisphere is already printing great amounts of money that will last for a lifetime.

Another billionaire with a net worth of $4.3 billion, Mark Cuban, expressed similar feelings on Wednesday’s talk on CNBC. The owner of Dallas Mavericks declared that Bitcoin is better than gold, then went on to praise Ethereum even more. ETH has the most benefits from all cryptocurrencies, added Cuban.

In the same light, Sternlicht also echoed his support for Ethereum, even saying the latter has more value than Bitcoin. He explains that although favoring Bitcoin over gold, the crypto value is very risky and does not have many benefits. However, he does own ETH as it is less volatile and safer to invest in.

Barry Sternlicht seemed highly interested in blockchain technology in general and believes that these digital coins will transform the world and the future belongs to them.

Many billionaires have faith in the future of crypto, however, not everyone thinks the same. The BlackRock chairman sides with Jamie Dimon. He explains that he is not into Bitcoins and cannot predict whether the crypto giant will go up or down, however, he admits that digital coins do have a great role.

Also Read: Ethereum – The Next Big Crypto that Will Skyrocket, Predicts HIVE Blockchain CEO

 

Also read:

Related News

LuckyBlock is a worldwide game and competition platform with play to earn rewards using blockchain protocols. They have already given many prizes to the participants of the game.

Lucky Block Partners with Crypto Academy

Lucky Block has partnered with Crypto Academy, as we look forward to many updates and launches ahead.  Lucky Block has reached a partnership with Crypto Academy, the renowned Crypto Marketing Agency, and Informational and Educational portal. With an incredible success rate in helping cryptocurrency-focused startups grow in the industry, the partnership with Crypto Academy is a stepping stone in the exciting journey ahead for Lucky Block. LuckyBlock is a worldwide

Read More »
The withdrawal limit for traders has been temporarily lowered by cryptocurrency-backed loans provider CoinLoan.

The Withdrawal Limit Temporarily Reduced by CoinLoan

The withdrawal limit for traders has been temporarily lowered by cryptocurrency-backed loans provider CoinLoan. The corporation cited the present market crash as the reason for the decision. Due to the change, customers are now limited to a $5,000 maximum withdrawal limit each day. In their announcement, they noted the following: “the interest we pay on the Interest Accounts is yielded by issuing overcollateralized loans to other platform users. Hence in some

Read More »
The price may perhaps clear the $1,200 obstacle above the next significant resistance, which is located close to the $1,180 zone.

New Surge in Sight As Ethereum (ETH) Gathers Momentum

Following a period of stability at $1,000 versus the US Dollar, Ethereum (ETH) enters a new uptrend. Above the $1,150 barrier level, Ethereum (ETH) can move much higher. Near the $1,070 region, the pricing was able to overcome a few significant obstacles. Even the 61.8 percent Fib retracement level of the significant decline from the swing high of $1,235 to the low of $997 was tested by the price. The

Read More »

My Coins

bitcoinBitcoin
$ 20,099.003.15%
ethereumEthereum
$ 1,131.503.92%
cardanoCardano
$ 0.4553061.45%
tetherTether
$ 0.9998460.13%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org