Billionaire's ideas about bitcoin
Peter Schiff
Peter Schiff, President and CEO of Euro Pacific Capital, Peter Pacific, one of the few people foreseeing the housing crisis of 2008, may be a gold bull, but he does not touch the tiredness of the bitcoin with his hard money. While some people can benefit from bitco, the investment adviser expects most people to make a timely sale to do so. He said:
"There's definitely a lot of ups and downs about bitcoin and encryption, and bubbles generally come up. The psychology of the bubbles nourishes him. You are convinced that the function will grow even further and you will be convinced as the price increases. We believe that you are right, but things go up because of speculation that things will not continue to walk. "
Jamie Dimon
JPMorgan Chase's CEO, Jamie Dimon, began talking about the Barclays incident on September 12 when he went up to two times the criticism of bitcoin.
Bitcoin was worth $ 4,000 then. Since then, bitcoin has risen a few more times and caused comments on Wall Street numbers. He said:
"This is a fraud. This does not end well. "
"On June 22," These crypto things are an innovation. People think how nice they find themselves, but bigger governments will close them. "
On October 13, "If you are stupid enough to buy, one day you will pay the price of it."
Ray Dalio
Ray Dalio, founder of the Risktan protection fund company Bridgewater Associates, said in an interview on 19 September that the speculation stemming from the bitcoin illness prevented it from becoming a real currency with its widespread acceptance. Bitcoin was about $ 4,000 at the time.
"Bitcoin is a highly speculative market and Bitcoin is bubble. "
"Your wealth is not an effective store, because it's like gold. "
John Hathaway
On September 21, John Heathaway described the crypto currencies as "garbage" during an interview with Tocqueville Asset Management, a gold investor, who said they did not pay attention or invested in gold.
"Of course you can make money in bubbles, but you have to go out, let's not forget that the total market value of these crypto currencies is $ 180 billion, maybe a little lower now. It has a very small value compared to gold. "
Ürdün Belfort
Belfort of Jordan, "Wall Street Kurdu", spoke to Jamie Dimonon on September 27th after comments of "dishonorable". The bitcoin was around that day at $ 3,910 during the day.
"I do not say that you should not buy Bitcoin, but what I'm trying to say is being very careful about investing a lot of money in something that will disappear very quickly."
Warren Buffett
The billionaire investor listed here, and perhaps the most important name, Warren Buffett, described BitCoin as a "real balloon" on a question-and-answer session hosted every year on October 26th. At that time, the bitcoin was $ 5,700.
"People are excited about their big price movements. You can not evaluate Bitcoin because it is not an asset producing value. "