Billionaire's ideas about bitcoin #2
Tidjane Thiam
Credit Suisse Tidjane Thiam's CEO joined a press conference at a conference where Bitcoin's ability to facilitate anonymous transactions was a challenge. Back then, the bitcoin cost was around $ 7,000.
"Moving from the known point, the only reason we buy and sell bitcoin is to make money, which is the definition of speculation and the definition of bubble.
Bill Miller
The legendary hedge fund investor Bill Miller has come up with a different perspective.
The MVP1 fund has increased by about 50% bitcoin and bitcoin cash. Bitcoin said that in 2013 and 2014 it was bought for an average of 350 dollars. At that time BitCoin's investment accounted for only 5% of the pool. Miller was also a target for critics of cryptocracy, including Warren Buffet and Jamie Dimon above. According to Miller, neither of them had fully thought about this.
"To be sure of something that someone can not examine carefully."
"So they have a strong opinion of something they really did not look at."
Mike Novogratz
Mike Novogratz, a former director of Fortress Investment Group, takes a more opportunistic approach than a long fund of interest in bitcoin tiredness. While acknowledging that bitcoin may have entered bubble land in 2017, the billionaire investor announced on September 26th that it will launch a $ 500 million hedge fund that focuses on cryptographic currencies and blockage-chain technologies. Bitcoin returned to $ 3,000 after the explosion with China's ICO takeover.
"It will be the biggest bubble of our lives, the prices will go way too much, and we will make a lot of money and make plans along the way."
Nouriel Roubini
Nouriel Roubini, an economics professor at the Business School of New York University, described bitcoin as a "gigantic speculative bubble" on November 8th during an interview with Business Insider Poland. Bitcoin reached about 8,000 dollars at that time.
"Moreover, it is used by criminals for shady jobs. I think that countries like China are starting to make illegal cryptographic exchange more and more. New regulations will be accepted. I mean, this will find its end. "