Bitcoin Forum

Bitcoin is a hot topic today in every investment circle. What with the debt-laden global financial system and the fear of an imminent meltdown, top investors are already looking for alternatives to secure their wealth. A look into the top 10 billionaires discussing Bitcoin will give us an idea as to what direction the world’s money might be leaning toward in the near future.

Nobody wants to be caught up in the crossfire of poor economic management by the government. It is an experience that a lot of people have had before and won’t want to have again in the same lifetime.

The emergence of Bitcoin and cryptocurrencies has generated a lot of interest, and seems to introduce a different method of preserving wealth. For this class of people, things may not be very clear yet, in terms of understanding what the industry has to offer. Nevertheless, the fact that they are showing interest in crypto is enough to make you and I consider the options available within the system.


Among the top 10 billionaires discussing Bitcoin are the following:

10. Eric Schmidt

Eric Schmidt is the Executive Chairman and former CEO of Google. As at 2019, Schmidt’s net worth was calculated to be $13.3 billion. By profession, he is a software engineer and a renowned American businessman.

In May 2018, Schmidt described Bitcoin as a remarkable achievement and something that has enormous value. Here is what he said.

“Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value”


9. Abigail Johnson

Abigail Johnson is an American businesswoman whose net worth is rated at $15.7 billion. She is the CEO of Fidelity Investments, and the Chairman of Fidelity International. The firm has nearly $2.7 trillion in managed assets, and Johnson owns 24.7% stake there.

Johnson has embraced cryptocurrencies and, in 2018, Fidelity launched a platform that allows institutional investors to trade Bitcoin and Ether.


8. Ray Dalio

Ray Dalio is popularly described as a self-made billionaire. He is currently worth a whopping $19.4 billion. Dalio’s Bridgewater Associates, which he founded, manages $160 billion in investments, making them the world’s biggest hedge fund firm.

Dalio Bridgewater entered into a partnership in 2018 and gave employees more stake in the firm. This is a move that he carried out in order to plan the life of Bridgewater after his departure.

Dalio is seen as one of the controversial figures when it comes to Bitcoin, however he’s still talking about it. He is known for calling Bitcoin a bubble while speaking on CNBC. Here’s what he said:

“It’s not an effective storehold of wealth because it has volatility to it, unlike gold, Bitcoin is a highly speculative market. Bitcoin is a bubble.”


7. Elon Musk

Elon Musk is the CEO and Chairman of Telsa which is popular for revolutionizing the transportation industry with the introduction of electric cars. Musk’s revolution in transportation transcends cars and earth. His SpaceX project also focuses on doing something unique in the area of space travels.

On the topic of Bitcoin, Musk calls the pioneer cryptocurrency a brilliant innovation. He made his belief that cryptocurrency is a better alternative to paper currencies public by describing the Bitcoin structure as “quite brilliant”.

Musk said:
“It (Bitcoin) bypasses currency controls … Paper money is going away. And crypto is a far better way to transfer values than a piece of paper, that’s for sure.”


6. Michael Dell

Michael Dell’s net worth is $33.2 billion, and he is the Chairman of Dell Technologies. This company was formed in 2016, after a merger between Dell and EMC, a computer storage giant.

Even before the merger, Dell has been a supporter of Bitcoin with his original company, Dell. In July 2014, he tweeted that his [then] company started accepting Bitcoin for payments. Nothing more describes a classic adoption of the cryptocurrency. In the tweet he said:

“Dell now accepts Bitcoin. More information about today's announcement

(link: http://www.dell.com/bitcoin)”


5. Jack Ma

Jack Ma is the cofounder and Chairman of Alibaba Group, one of the world’s largest e-commerce businesses. The company raised $25 billion dollars in an IPO in New York back in 2014, setting the record as the world’s biggest public stock offering.

Ma has publicly stated that he is not necessarily a fan of Bitcoin, but is fully interested in the technology that powers it. Here are his words:

“When it comes to Bitcoin, I'm not so interested in it myself. What I want to know is, what can Bitcoin bring to society? After some thought, I myself think that the technology behind Bitcoin is tremendous, so at Alibaba and Alipay we are using it to help build our roadmap to a truly cashless society.”


4. Mark Zuckerberg

Mark Zuckerberg has gone beyond just discussing, but even creating a whole cryptocurrency on its own, which has become a huge subject of controversy lately.

Zuckerberg’s net worth is estimated at $72 billion which is linked to his primary company, Facebook and every other subsidiaries that are attached to it.

Facebook was taken public in 2012, however, Zuckerberg still owns 15% stake in the company. Zuckerberg has never hidden his affection for cryptocurrency. However, the proposed launch of Libra coin is the loudest statement anyone can ever make on the subject matter.


3. Larry Ellison

Here is the cofounder of renowned global database management company, Oracle. Ellison’s net worth is estimated at $68.2 billion. Today at Oracle he serves as the Chairman of the board and the company’s Chief Technology Officer.


Ellison is optimistic about Bitcoin and the technology behind it. His only concerns were about blockchain being used only in the context of Bitcoin and digital currencies. However, he is optimistic that companies outside of finance will implement the technology on a wider scale.


2. Warren Buffett

When it comes to investments, the name Warren Buffett is one of the loudest across the globe. He is a serial investor whose present net worth is estimated at $81.2 billion. Buffett, who is nicknamed the “Oracle of Omaha” runs Berkshire Hathaway, which owns more than 60 companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen.

Buffett is not one of those who are optimistic about Bitcoin. In the past, he even described the cryptocurrency as “rat poison squared”. However, the technology upon which Bitcoin is built is something that he is excited about. Buffett believes that blockchain holds some promise. We’ll have to wait and see if he may change his mind following his infamous lunch with TRON CEO Justin Sun, and other crypto heavyweights.


1. Bill Gates

Bill Gates has a net worth of $103.9 billion. He is the co-founder of Microsoft and till date owns a little over 1% of the company’s stake. Bill and his wife Melinda chair the world’s largest charitable foundation, Bill and Melinda Gates foundation.

Gates is another critic of Bitcoin who does not expect the pioneer cryptocurrency to succeed. Here is what he had to say when asked of his opinion in 2018:

“As an asset class, you're not producing anything and so you shouldn't expect it to go up. It's kind of a pure 'greater fool theory' type of investment”.

Conclusion

One way or the other, the top names in business and investments have had a look at the emerging technology of Bitcoin and cryptocurrencies. Whether in support or against, the fact that there is a show of concern is a matter of interest.

Many people across the globe today are exploring liquidity providing platforms like Vertex.Market to gather hands-on information about the industry. Besides, Bitcoin and cryptocurrencies on their own, are constantly breaking new grounds and proving naysayers wrong in several ways.

Therefore, it is only ideal that even as we consider such information like top 10 billionaires discussing Bitcoin, we take our time and engage in hands-on processes. This is the only way not to be left behind after the train has left the station in this era of emerging technologies.

https://medium.com/@official_83664/top-10-billionaires-discussing-bitcoin-4619961f2aa

Conclusion

You can`t teach old dog`s new tricks, especially when those new treats threaten their old ones. *looks at that last two guys on the list*  ::)

https://giphy.com/gifs/fZYpipNos2ZxuIdMoH

Elon is right, he is also right about future AI wiping us out faster than we the think. Actually it already did and we live in its simulation already  ::)

Well, what is synonymous with the Microsoft guru (Bill Gates) and battery maker, durucell (Warren Buffet) is that bitcoin is nota manufacturing outfit or something as that. I think they believe that holders are not manufacturers because they became rich by being producers. But, I like to say that mining is producing and moreover, being rich these days shouldn't be about producing, working tirelessly, breaking your bones including spinal cord, nope.

The world has changed and people are changing and adapting to new ways of life including technology.
I think people even become rich by being PRs , managing people in limelight, entertaining people with your gifts and talents.

Being rich has changed from being fagged out, sapped of energy to having vision. If you have a vision that a coin has a prospect, nothing stops you from acquiring as much as you can bare to lose and if it bulls, hey you are the next whale and billionaire. Is your IQ. ;D

In fact, this is the most important point to be written. Because the inheritance of the family with the richest status is not very common. Generally, the richest people in the world obtain this title as the product of a certain success.

However, the vast majority of them may be behind the era. (woow, of course I'm not talking about Elon Musk :)) Therefore, we should not forget that many rich people do business on the classical economic system. But we are far from that system!

Gates used to say good things about bitcoin but he really cfhanged his stance and I believe it is because of his BFF, Warren Buffet.  Buffet is heavily invested in banks and traditional credit card companies and bitcoin stands to take way from that.  Hes already insanely rich but guys like that can never have enough.

Some of them have businesses threatened by Bitcoin.
Some were bashing Bitcoin and may have bought while bashing it.
And some have embraced crypto or started businesses in that direction.
Did I miss anything?

Buffet was always such a tight-arse! I could never believe how he hoarded such an insane amount of wealth while living in a tiny house and having a basic old car, admittedly I was shocked and pleasantly surprised when he did that huge donation to the Bill gates foundation (not sure if there any extra motivates tied to that or not though!)  ;D

These are smart people and therefore they are clever, they would not be billionaires if they aren't .
What they are saying in public could be different on what they are really doing, so I won't fully trust what I heard from them in interviews in TV, I believe most of them if not all are investing in bitcoin silently.

I think there a lot of popular personalities that are publicly criticizing bitcoin but later they were found investing with bitcoin.
It's just their way of confusing the public so they can continue to accumulate at the cheaper price.

Yeah I'm surprised about Gates action his business is internet-based and he knows the saying that, " If your business is not on the internet, you have no business at all" Bitcoin is an internet-based technology,  all who are into the internet-based technology business should embrace Cryptocurrency.

But these two will not change their mind because they have a huge ego, they cannot accept the fact that ordinary man can change their financial status just by holding and supporting Bitcoin, and it has been proven thousands of times, Bitcoin is the real millionaire maker.

These billionaires can be considered as a mix of diverse personalities, biases and preferences that is some can be excited for Bitcoin while there can be some who are not. And that is quite easy to understand because there are some of them who do not need to invest with Bitcoin anymore as they are already made up. What is so clear to me right now is that there is a growing number of moneyed people - and even those who simply have the resources to also own some -- who are interested to hold Bitcoin as they are seeing that it can be utilized as a safe haven the same role which the physical gold played for decades.

I have seen Warren Buffett is the most infuriating one when it comes to Bitcoin even though there are some that say that Bitcoin is very volatile and is a bubble Buffett says the most unusual and outrageous there is you can imagine against bitcoin, I don't know for sure why is he so Negative with it but I guess there is a reason behind this, Maybe there are some bad things that might happen to him in experiencing Bitcoin for the first time, Well Bitcoin can not please all people in the community.

Bitcoin is really different. I thought wealthy people didn't know about bitcoin back then but they do know, not only do others believe but now they have comments about Bitcoin and maybe they would be interested in investing in cryptocurrencies because of it. And because of their comments it might affect the worth of Bitcoin and other cryptocurrencies today and in the future getting the price so high.

i don't think it has anything  to do with the amount of money people have, basically anybody who is not stuck in 1980 and has been moving along with the technologies and advancement of the world has already expressed their interest in bitcoin one way or another. and all those who are "technologically challenged" have been having a hard time understanding bitcoin's potential.

In reality, nobody's opinion matters when it comes to bitcoin. There have come many who predicted many things about bitcoin, while some of them may have come true the others simply didn't.
These 10 billionaires are just normal people like the others who have worked hard to be at their places. So it's necessary that whatever they say would come true.
Bitcoin being a decentralized technology has full ability to grow on it's own and it surely has. We just have to wait and see how big it grows.

You forgot to include Mark Cuban who has been one of the loudest pro bitcoin billionaires for years now.
Mark Cuban is owner of Dallas Mavericks and recently this team announced that it will be accepting crypto as payment options for game tickets so this should be added , it is significant!

Seems like none of these billionaires understand what the heck is Bitcoin if they think that blockchain is the technology behind Bitcoin, because that's just a lie. Blockchain is simply a part of Bitcoin's protocol, just like PoW, SHA256 or Merkle trees. No one is saying that they are excited for those technologies, and no one should be excited for blockchain, because there's no examples of someone successfully using blockchain on its own.

Heard about that guy and he really deserve to be on the list. Well, those billionaires are slowly realizing the growth of bitcoin though some of them are still not sure whethet to support or not but in the future they will make their own way to support bitcoin. We have more things to do before the mass adoption, the price and the technology itself, more time for that.

There are also miners to consider. Some bussinesses in real estate for example have done things such as keeping miners in pre-built and unoccupied properties.

The only person on that list with any real experience with digital payment systems are Elon Musk, co-founder of PayPal.  ;)  His vision and insight on the technological future of payment networks, would give you a more accurate prediction of what is going to happen with Crypto currencies in the future.

He is very positive about Bitcoin and he can see the flaws in the current Fiat system and how Bitcoin solves those problems. Why would you listen to a dinosaur like Warren Buffet, when it comes to "new" technological advancements in payment networks?  :P

Mining crypto coins is ... just another business in the crypto field; they do it to earn crypto, isn't it?
So imho it is on the list already.

I will not think too serious with them, let them debate about cryptocurrency while I can use my time to earn more bitcoin. I guess they don't know anything about bitcoin, and  they still search for more information about cryptocurrency. But from all list, I think Jack Ma and Mark Zuckerberg knows about cryptocurrency better than the other people, but I am only guessing, and I don't know the truth about them;D

Even any billionaire talking negative about bitcoin, im pretty sure that he invested on bitcoin.they smell the money and i dont think they miss that opportunity even its a small amount.

i'm at a loss for how jack ma intends to integrate "blockchain technology" into alibaba. for the last year he's been talking about using blockchains to improve on international supply chains, but he's been completely silent about how. it's starting to feel like a vaporware/hype thing, similar to how bank of america is always filing cryptocurrency-related patents. maybe it's more about generating hype around the company and seeming relevant re emerging technology/fintech than anything else.

Any billionaire in the world sees the potential of Bitcoin in the future. Every billionaire makes accurate comments about Bitcoin, and I believe that Bitcoin will do more than what billionaires have said about it. You will see Bitcoin will change the whole world in the future. Any billionaire who knows Bitcoin owns a lot of Bitcoin.

For some time talking about blockchain was something people were doing to look smart because maybe 1% knows what it is and how it works but most heard the word and know of its existence. Years ago it was quantum physics and before that it was internet business and taking the business online when most people only had a modem and used it to send emails and download porn.

Blockchain is overhyped and its value compared to bitcoin is overestimated.

For the first time, Elon Musk openly shared his opinion about Bitcoin in 2014. Then he called the first cryptocurrency a good thing and added that, most likely, it will be used for illegal transactions. Later, said something like hat money created using cryptography is much better than pieces of paper printed by governments.
Musk swears that he does not have many BTC, but I doubt it.

At this point it's pretty clear that most of blockchain's proposed use cases are just vaporware at this point - it's been 3-4 years since we started hearing about supply chain blockchain, medical blockchain, blockchain for gaming and so on, and nothing really happened in those fields - there's no companies that seriously adopted it, no good proofs of concept that work at least on smaller scale. Yet "blockchain enthusiats" (read: bagholders) constantly repeat how blockchain is a great technology that is used everywhere. Altcoins have already started dying, and in a few years "blockchain technology" will be viewed by investors as a vaporware - developers already hold such views, according to the latest stackoverflow survey.

Contribution of that billionaire to the cryptocurrency technology is not only ties to the financial support alone, but their intellectual support also. I think bill gate too does not really understand the concept of bitcoin technology, because if he does, he would not be looking at it from then angle of assets alone, but he would have also extended his view of it to the currency part of it.

If he had done so, being a high-tech guru, he would have as well thought of the ways of using his expertise to also see how the technology can become better before the adoption. I believe that bitcoin technology is still opened to development and addition, and we need people who are intelligent in the blockchain industry to really make their own input for the system to be better accepted.

They should do more than discussing about btc in my opinion, I hope they are investors as well, It will do a lot of good to the crypto community if new money comes in to keep the market active, they should  try to be open minded and willing to accept and invest this groundbreaking technology.

I'd watch their discussion..

I hope those wealthy people who have negative views about Bitcoin should have second thoughts just like what happened to FB's

Zuckerberg who had initially banned crypto ads on Facebook but later on announced its Libra cyrpto project to the world! I hope they

could get a clue on Zuckerberg's sudden change in stance about crypto and have interest in it.

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These billionaires didn't make their billions with bitcoin, so they can say anything, and it will have little to do with reality

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Those aren't even their honest thoughts, they say whatever will protect their wealth stash.  They won't support something that goes against their business interests.  Billionaires can never have enough money and most of them are straight pyschos.