Bitcoin Forum

Why would they want to invest in something that could end their hold on cheap debt and a controllable monetary supply?

It would just be eliminating their power.

And how many billionaires do you know?
Or are you just spreading FUD because you're bored as usual?

http://www.youtube.com/watch?v=ruSqkSAdWUw

Billionaires love Bitcoin

besides all the other tools of power as mentioned above - bitcoin offers a unique opportunity to diversivy assets and own
a big chunk of systems D value storage technology and thereby its power architecture.

additionaly bitcoin is a convienient way to bribe people internationally and annonymously it also holds a value density higher
then investmentgrade opals or bonds.

Understanding and usage of brainwallets can make a naked abducted billonaire even capabal of paying for his release out of
his head.

billionaires love Bitcoin

Why?  They already own the billions of dollars worth of value.  If that became measured in bitcoins instead of dollars it would be worth no less.  Billionaires don't hate bitcoins; I doubt they know or care to know about them.  They can spend the entire bitcoin market cap before breakfast.

Sure, they might have to give the early adopters a bit; but rich people will still be rich if bitcoin succeeds.

With money comes power.  Bitcoin is irrelevant to that fact.

Billionaries are going to hate bitcoin, since it is impossible to own billion bitcoins  ;D

Man, you deserve it... really!
http://gifs.gifbin.com/042009/1240325175_roflbrothel.gif

Epic, as ever.

this is an interesting question.  offhand i would've said they'd hate it as it does threaten the status quo.

otoh, it depends on their state of mind.  if they think the "system" as they know it is coming to an end then it should be a no brainer to invest a few millions of their billions into a promising technology that has the potential to be disruptive to the USD game.

i actually think the latter has already started to become more apparent as we head into the next crisis.

Just wait until SHTF for the fiat ponzi. According to some EUR will not survive 2012 or 2013. Should this happen they will all run for safety, meaning USD bonds at negative yields (ironically), gold, and yes bitcoins. Do not be too surprised if BTCEUR  hits 5 digit numbers before long.

And another point about wealthy guys loving Bitcoin for it's utility is rather important one. Remember your Bitcoins are still there when you get out of jail, Madoff and their ilk I bet would love to have a few kilo BTC in their brain wallet right now.

+1.  Billionaires care about themselves first and foremost.  I'd add that the ability to fluidly move funds around the world cheaply, safely, and semi-anonymously would also appeal to them.  Billionaires love their tax avoidance.

Take that, Sir Richard Charles Nicholas Branson, you egotistical bastard! http://www.youtube.com/watch?v=Fywr2RtfVgE, albeit the following video is better. http://www.youtube.com/watch?v=5wcqdKowpsI

Bitcoin is an inferior means of exchanging sums of capital, in its current form.  Nobody wealthy really cares about it.

Small transactions: cash is faster and 100% secure (money goes from person X to person Y and is verified by counting in 10 seconds or less, vs. bitcoin's 20 minute block confirmation wait).

Large transactions: bank transfers are much, MUCH safer (FDIC insurance at my free savings account covers up to $100,000, there's no 100% secure equivalent in the bitcoin world, and wallet security is a joke right now).

Price volatility: developed nation currency is 100 times more stable.

Usability: developed nation currency is 100,000 times more commonly accepted as monetary standard.

Speaking from the perspective of a very wealthy individual, why care about such an inferior currency system at all?  This is a proof of concept, not designed for mainstream use, and needs a lot of work.  Respect bitcoin for what it is and what it proves.  Graham Bell's first telephone is NOT an iphone.  Got it?

Sorry guys.

Okay, I'll bite. Personal opinion + unverifiable claim. 2 for 2. Looking like a good blowhard comment so far.

Completely ignored Paypal's raging success that also requires a period of waiting and is even less secure. Fail.

Anything is safer when it's guarded and backed by police, governments, armies, etc.

Bitcoin is not a currency. Also, Zimbabwe? Helloooo?

You must be new here. Almost as new as Bitcoin.


I think you intended to have a point, but you surely missed it.

"Cash is faster"?  WTF?  

Maybe if I'm stood next to you.  But have you heard of this crazy new thing called "the Internet"?

Let's race.  You send $4 cash to Hong Kong; I'll send $4 worth of bitcoins.  Why would I want to do that you ask?  Ever bought a small gadget from ebay?  Ever bought an MP3 for less than a dollar from a server that's halfway around the world.

(you're also forgetting that the bitcoin transactions can be seen within, typically, two seconds; it takes 10 minutes to clear, compared to days for bank wire transfers to clear).

Bitcoin isn't perfect for everything, and buying your morning newspaper might well not be one of its "optimum" uses; but you're seriously ignoring huge areas were bitcoin is, essentially, unbeatable.


I don't think anyone is claiming otherwise.  The lead developer regularly calls bitcoin an "experiment" in interviews.

How does sending $4 of cash to hong kong have to do with billionaires?  Even as a poor person, I'm not stupid enough to make small-ticket purchases overseas.

Most Billionaires have never heard of Bitcoin.

Nothing; I was addressing this point of yours:


I'm not stupid enough to buy big-ticket purchases overseas; but I've saved a fortune on small-ticket items that cost a lot more locally.  I've bought loads of little bits from Hong Kong on ebay and never had a single one not arrive.  Cell phone/laptop batteries, camera lens caps, flash cards, USB gadgets, etc.  I had to use Paypal of course, but the merchant's coud have made an additional few percent on the deal if they'd have accepted bitcoins.

As a real live poor person (< $10k a year compared to your "perspective of a very wealthy individual") with an IQ above 130, I can assure you I have often purchased small ticket purchases oversees.  It's cheaper to order from china than to pay the importer his cut.

http://www.dealextreme.com/

Nothing stupid about paying less, but you don't care because you can piss your money away.

I doubt it. If a billionaire had a mild dislike of bitcoin they could destroy it with pocket change.

12T/H at $1 M/H = $1.2m for a 51% attack. (if my math is right...)
If it is planned well they could turn around and sell the equipment and make a profit.

If I was doing this I would bulk purchase high-end video cards, carry out the attack, value add, reship and triple  the initial investment.

A purchase order like that would not go unnoticed. A competing billionaire would purchase more than double that and nullify the attack. Another billionaire would raise the stakes again so that the other two don't get all the bitcoin wealth. Do you not think that there is a Steve Jobs for every Bill Gates out there?

*maybe those two aren't the best analogy, but you get the point.

those two could be the worst arguments i've ever encountered on this forum...
Although i have no acquaintances with any billionaires from a "cold investing point" i think that bitcoin would be interesting.
other than that i fail to see the point in topic.   

Thousandaire is going to be bitcoin's billionaire?

Unless you are a banking billionaire.  Inflating currencies rob from businesses, thus billionaires.  Buffett and the poor would be far richer on a gold standard.

Look at all the oblivious fools arguing market rhetoric.

Billionaires have billions because bankers can cheat. Bitcoins end cheating. QED. Cheating billionaires hate people having bitcoins.

I think it's easy to make the case that most billionaires have benefited from cheap credit.

http://en.wikipedia.org/wiki/Black_Wednesday

Okay, you're going to have to explain this one.

I mean, Bitcoins end one specific kind of cheating: loaning out money you don't have.

That's a far cry from ending all the dirty tricks that let people with maneuvering room skim the cream from society at large.

Well, with bitcoin's current market cap being what it is, billionaires certainly aren't into it.

Bitcoin isn't a business. The long term implications of this currency affect them in ways some won't like.

Multi-millionaires and Billionaires will love BTC when they need to make a move that can't create too many ripples.

+1

& some of those moves could be very positive too

A billionaire would try out bitcoins. He would buy maybe a few hundred thousand dollars or maybe even a million dollars worth of BTC, such as 190,000.00000001 BTC. Just for fun.

When he sees that it used to sell for $4 and now it sells for $6, he'd either get excited about the 50% increase, or he'd get bored and cash out since his other business ventures make more money both in absolute amount and in relative percentages.

Yeah, billionaires will totally whine about how the "early adopters" who got bitcoin at $0.01 are rich now and bitcoin can go nowhere now but down in price.  ::)

One might ask the same question about 100k worth of FDIC insurance for a billionaire...?

 private insurance for large financial transactions is not cheap.

Lol yeah.

-----------------------------------------------------------------------------------------------------

To be honest, I don't think they hate bitcoin because they probably don't know about them :P

Then before long they will be Zimbabwe Bazillionaires!

How about people that have become billionaires because of bitcoins?

It took me just fifteen minutes of listening to Bill Gates on Charlie Rose to confirm that billionaires don't and won't like BItcoin.

Mr. Gates throws around a lot of "we did this" type of statements, and what he really means is "we used our power and influence to get governments to do this".  I'm not saying the accomplishments were bad, but anything that lessen's a billionaire's influence will not be something the billionaires will support.

Fortunately Bitcoin isn't most valuable by gaining support of the relatively few billionaires but instead it is most valuable by gaining support of the billions (of people on the planet).

Here's the June 2012 interview:
 - http://www.charlierose.com/view/interview/12436

At about 0:10:20 into the video:

Charlie Rose: [In India] How much corruption?

Bill Gates: Well there's always going to be some corruption.  You want to design systems that make it harder for there to be corruption.  Where you can really trace the money down to the recipient of that money.  It's partly why we'd like to get digital currencies on cellphones so you don't have as much where somebody else can collect it along the way.

Charlie Rose: You'ld like to get that done.  What is necessary for that to happen?

Bill Gates: The cellphones are now getting powerful enough.  The government has to set some standards.   There's a lot of energy being put into this in India.  It has happened only in Kenya.  It's the only developing country that has this digital currency.  And now that India sees that it has happened in one place they are trying to clear out the regulations and get it going?

Charlie Rose: And how does it work in Kenya?

Bill Gates: You can actually use your cellphone and send money to other people, like a relative that is out in the rural area or if you go into a store and buy something you can just do that on your cellphone.

Charlie Rose: And they take their cellphone in to do things buy products or whatever.

Bill Gates: Exactly. It makes all these financial issues -- the fees to move money around, to have loans of various types, it makes it a lot simpler when you aren't having to handle paper currency.


A few takeaways from that:

1.) For government spending where there is the need for transparency, there's no reason why triple-entry accounting shouldn't be mandatory.    Most of that can be done today, without the need for Bitcoin even.

2.) Mr. Gates might want to have someone explain to him the difference between a "digital currency" and "mobile banking", "electronic currency", "representative money", etc.

3.) ill Gates once said in an interview that he reads every page of The Economist.  If he still does, then he'ld know that it is not just Kenya where mobile banking and mobile payments are widely used:

https://i.imgur.com/hRsUu.jpg

 - http://www.economist.com/node/21553510


Mr. Gates has a very specific view on where innovation originates.  He is impressed with the level of research occurring from the top universities in China.  He talks about problems being solved after "lots of IQ" (and, presumably, money paying those salaries) are expended on certain problems.  

That map from the Economist article was recently used in another article which described "reverse innovation".  Reverse innovation is progress that occurs in the trenches -- in the developing world which the combination of local smarts apply technology and create new solutions to their problems that weren't introduced from the "top research" centers.   There's another term for "reserve innovation" --  free market competition.  When markets are free, the best solutions are sometimes discovered locally where the problems are most acute -- and not alwys designed in some office by some well-funded company thousands of miles away.

The local market in Kenya determined that mobile payments which allowed the transfer of value (mobile airtime credits) via SMS texting on feature phones worked fairly well when free of regulations (M-PESA didn't have to follow the same AML/KYC as banks in the country did.)

[Edited: Inserted a new point #2]

Tax Evaders like BitCoin

Billionaires like Tax Evasion

Billionaires like BitCoin

I'm not a billionaire (not even close) but if I were, with what I know about bitcoin, I'd buy maybe a couple hundred thousand coins and see what happens. I'd probably start with a few thousand coins.

I like tax evasion, so I guess that makes me a billionaire too.  ;D.

Everybody likes tax evasion. He didn't say ONLY billionaires like it

I would have thought billionaires would love BTC - seeing its anonymous and they can deny it in their tax statements :P

If the bitcoin economy ever reaches billions I'm sure there will be some billionaires participating ;)

I would say it depends on how smart and well-informed they are.

The uninformed ones don't care.
The smart and informed ones should like Bitcoin.
The smart, really well-informed and power-hungry ones - I agree - should hate Bitcoin.

Are you seriously suggesting that you think billionaires have even heard of BTC?

i sent an article to my close minded millionaire brother in law about bitcoin. he only responded with negative comments. "too much theory" "i dont see the value in it". he wasnt happy to talk about it and didnt understand it, at all.

i brought it up to another millionaire (soon to be billionaire) that i know, 2 times. This guy understands how the world financial ponzi works and is very awake. he understands the basics of bitcoin, but i dont think he spent much time thinking about it. In a brief discussion we had, he said "it wont work because the usd is still the reserve currency. So even if other countrys adopt btc it wont matter because everything is priced in usd." he likes gold and silver for the future. also he said when "btc starts to pick up speed the us government will clamp down on it one way or another."

most of these rich fuckers are older guys who dont understand technology like us on this forum. they know best how to sell, ideas, themselves and they know how to manipulate people. bitcoin threatens to undermine their pile of government cash, and even the whole political structure their money on.

we cant let these rich fuckers hold back society and civilization.

You're right, these same rich fuckers don't necessarily have to know more than one way to strike it rich. For instance, nobody could have told you for sure what was going to happen with Apple. Some took a chance and most didn't. We see what kind of numbers the ones who took a chance experienced, while the others like me and everyone I know have made $0 off of the Apple stock. I'm not missing out on Bitcoin! Just sayin'

Some millionaires work hard for their money and will probably understand Bitcoin. Most billionaires got rich on government welfare and don't understand the value of money. Since Bitcoin has no government teet for them to suck on, they won't be interested.

If the some day I'll get to be a billionaire I'll invest in Bitcoins.
The thing is, if I do get to be a billionaire, it will be due to Bitcoins. No.

Here in Poland we were all billionaries in early 90s - when inflation was insane and prices were going sky high. I'm sure we'd love to have bitcoin in early 90s...

And this is partially my motivation for BTC. I'm not going to stand aside and let this sh**t happen again.

[EDIT]
Interesting table:
http://upload.wikimedia.org/wikipedia/en/8/88/The_Hanke_Krus_Hyperinflation_Table.pdf

what is strucking, that most cases happened in 90s and almost all in XX or XXI century.

If bitcoins could render the fortune of a billionaire worthless, then don't you think they would want bitcoins? You don't become a billionaire by resenting change, rather by embracing it at the right moments.

That's right. Most billionaires are like...

"Ug, I'm fat, and I like digging coal out of the ground, and calling poor people lazy"

Or

"Ug, I'm gross looking and I own several types of media worldwide"

Couldn't give a fuckizzle about bitcoin.

They have spoken to reveal ignorance and fear:

http://video.foxbusiness.com/v/2359385547001/mungerbuffett-disagree-on-corporate-tax-rates/?playlist_id=1034196606001

Now that gif is pretty impressive.

Ok, let's race. Because your leaving out some steps, and using an unrealistic amount. What if I give you 10k USD to send so anyone in Hong Kong can recieve/and use? Now you have to convert that to Bitcoin first(fast right?), have the other person setup a bitcoin wallet(piece of cake), then they have to convert the Bitcoin back out to cash to actually use it for anything except buying a stack of ASIC miners(that will never arrive). That's easy too right? I'm sure we just missed the news about all the banks where you can just walk in and get dollars for your Bitcoins in Hong Kong.
While your doing all that, I'll walk into a bank with the cash, wire the money to there account, and they have actual cash they can use tomorrow.
Hell, I could just go into the bank, get a certified check, walk over to the FedEx office and send it "FedEx International Next Flight" and they'll have the certified check in hand in less than 24hrs, walk it into there bank, and have usable funds.

True about the walking, when it does become easier and faster I will be very happy.

Considering the current volatility of the price of Bitcoin itself at any given moment, a guaranteed 3-8% hit would be preferable to possibility of a 20% or more hit either way during the time it takes to go from cash to btc to cash.

No.

There cannot ever be a Bitcoin Billionaire.

:)  LOL

I wouldn't say billionaires HATE bitcoins, most probably don't know very much about it.

Depends ... are you only counting actual bitcoins in your wallet or can you add in things like bitcoin denominated accounts? (Are you limiting this to M0 or can we use M3?)

Actually, no, sending the certified check via FED EX internationally would not be so fast or easy.  But for your earlier point, I would think a comment is in order.

Your argument presumes that the receiver must THEN go and set up his method of transfering back to cash.  Why?  Why just then?  Why not presume that the sender and receiver are already set up?  If it was a credit card transaction, one would already have a credit card, and the other would already have a way to process payments.

So to be fair, you have to make the comparison not for the moment of conversion back to the local currency, but for the moment when the two parties both consider the transaction complete, whatever that means to them.  If the receiver religiously moves the bitcoin back to a currency, then that's his moment.  If the receiver keeps and hoards the bitcoin, that is his moment of completion.

So this is not any different than the receipt, say of US dollars in a country with a failing currency - one guy must and does go to exchange them for the local currency, another holds them.

If your going to add these ridiculous presumptions then I presume to just have a bank account with the same bank as the receiver and  transfer the funds immediately for free. I could also use PayPal and fund it immediately with my bank account that's been previously set up without having to dedicate funds in the account. But...that wasn't the original question. The original question itself was flawed, comparing the time to send cash vs Bitcoin to Hong Kong but then assuming both could be equally used to purchase "a small gadget from ebay" or "an MP3 ... from a server that's halfway around the world". Neither of which can be done with BTC directly anyway. So, as per my original point, it must be converted to fiat to meet the conditions of the original need. Until Apple, Amazon, eBay/PayPal, or 'name your online vendor' starts accepting Bitcoins, you cant skip the tedious 'conversion back to fiat' step. Last I checked, mtgox's withdrawal fees for fiat weren't trivial and were not speedy either.
I challenge you to go to Craig's list or any mainstream auction site, find something you want from a random person, bid on it, and then convince the seller to accept Bitcoin. I'd have a much better chance of them accepting PayPal than BTC and PayPal took years(and eBay buying them out) before it saw any kind of market penetration and acceptance.
Unless your comparing the speed of sending $4 value from tech nerd #1 to tech nerd #2, fiat is faster.
And yes, I consider myself most of 'us here' to be #1's with no #2's out there to accept BTC yet. I hope that changes.

Yeh too true. Bloody greedy Billionaires -.-

I think Billionaires would love Bitcoin.

Firstly, their capital will belong to them, they won't need to feed bureaucracy and to take "social responsibility" for its failures.

Secondly, they can buy a significant part of future world economy just for few millions of dollars right now (even if they loose it - not a big deal, they'll still be in power anyway).

I think bureaucracy and state employees with high salaries and social benefits are the ones that would really hate Bitcoin.

I have some very wealthy friends, most of them are completely disconnected from reality though.

The few of them who still have some common sense liked the idea very much, and bought some just for fun.

Money is a social construct and will always be influenced socially. You can argue that putting your money into bitcoin will protect you from theft through evil government inflation and crooked banks, but it also exposes you to potential absolute loss of value from devaluation of the currency, market volatility, and social opinion of the currency. Any alt-coin or new technology that solves bitcoin's problems and gains enough support will drive bitcoin's "value" down significantly, and although it's true that a handful of people will most likely continue to use bitcoin until the day they die (sunk costs fallacy), that doesn't mean it will ever be as valuable as you'd need it to be to recover your losses when you moved your billions into it.

In short, I agree that billionaires probably look poorly on Bitcoin, but most likely for a fear of losing every penny of their investment.

Bitcoin is still, overall, an experimental beta project and should be treated as such.

Bill Gates thinks it's awesome. Pretty sure he's a billionaire.

Munger OTOH, thinks it's "rat poison"

Some billionaires know about Bitcoin, but they certainly do not either worry or hate Bitcoin.

Billionaires generally own large companies selling real goods, or have holdings in properties or in other peoples companies that also make and sell real goods and services. All of these things will be worth a lot of money, irrespective of whether we denominate them in USD, Euros, Gold or Bitcoins.

Do you think Coke or any of the biggest global 1000 companies will disappear as a result of Bitcoin - no, people will still want to drink Coke, drive cars, wash their clothes, take medicine, live in a home etc and these companies and assets will be worth the same in comparative terms as they are now. Bitcoin has much going for it, but there is so much crazy delusion about what it might achieve in here that it's unreal.

Thank you.

those people if participating the premining, then they will support it. but they are too busy to earn their money in their way, so they felt being left out

Microsoft sells a metric crap ton load of licenses to the national, state, county and local governments.  Anything that makes taxation harder means a potential impact to tax revenues which, in-turn, causes software sales revenue to those agencies to decline.

Buffet needs Krugman and [edit: economists who think like] Keynes for his portfolio to not blow up.

More importantly, if capital formation can come using bitcoins and cyber-equities platforms (e.g., BitFunder) then why go to work for Gates, Buffet, Dimon, or other companies like Cisco, BN, even.   Why not just pitch, get funded, and rule your own destiny.   Without a steady stream of talent these companies will have to switch to more performance-based compensation which really would introduce culteral and financial changes within these organizations.

They prefer things just the way they are.

I do not think that will ever be able to eliminate the bt, and now it's party does not stop him any more: D

I agree very much on your opinion. I believe that bitcoin will accelerate changes in our world, that most people don't see or understand. Think about how the state is depended on the national bank and printing/borrowing money, the day bitcoin (or other cryptocurrency) is the norm, fiat is worth 0 and states will disappear. When states disappear away goes police and courts, as examples, how will companies claim their property rights?? There are many questions... and the answer is blowing in the wind, but one thing is for sure, things will change and new ways to do things will come, and I believe that bitcoin will speed up this process, as money is VERY important to people. you don't want to be the last person to adapt to bitcoin... Folks it will happen faster then you think... enjoy the joyride :)

Peter Thiel invested in Bitcoin. Billionaire. (Sorry, Vladimir.)  ;D

I think billionaires hate the idea of private p2p currencies for the same reasons stated by Gornick...

but, I also think that the elite are now seeing it as an opportunity to slide in their NWO currency - thus, the new interest from the mainstream media and various rich assholes (like Peter Thiel).

Billionaires love bitcoin, they only need to invest .000001% of their wealth to completely destroy it.

NWO would not like gold to return as a currency (as it lessens control, having no "issuer") so I'm confused as to why you think they would like to see Bitcoin become more widely used as a currency.

"Billionaires hate bitcoin"

• What kind of billionaire? One that become rich from his cup ramen noodle factory? I doubt he gives a shit about the emergence of new internet currencies. More likely, he'd be thrilled to hear of another currency being available to nerds that eat his ramen. More money for him.
• If the assertion was that "Billionaires would hate bitcoin", if they thoroughly understood it, then I guess I could somewhat agree in select cases. As it stands though, I don't think most billionaires have ever heard of bitcoin. They don't seem the type to worry much about things which market caps are less than their holdings.

Billionaires are just like everyone else.  They just have more Bitcoins.

Bitcoin isn't a viable replacement for fiat currency, not even close- not even any time soon.
Not only that but the value is pretty unstable, and people don't get to be billionaires without knowing much better places to invest their money.

*sigh*

"the rich hate/love {insert current bullshit}"

"the poor hate/love/are oppressed by {insert current bullshit}"

There is no monolithic entity called "billionaires". It's merely a statistic. People are people, as diverse and dichotomous at all levels. I've know poor folk who didn't give a shit about anyone and rich folk who were trying their damnedest to improve humanity and the living conditions of the many. And vice versa.

There are some very specific rich people who love bitcoin. There are some very specific rich people who hate it. There are a bunch of rich people who don't give a shit, and a bunch more that are interested but essentially neutral.

How a man got to be a millionaire/billionaire will tell you a lot more about where he stands on most any issue than the amount of his wealth. Those that went out and earned it, probably would like bitcoin. Those who inherited it and are living off their daddy probably don't care. Those that stole it (banksters/politicians and such) would very much hate bitcoin as it is potentially a threat to their rapine.

Careful mate, common sense and rationality aren't strong points of bitcointalk.

Or any other fora. I wish I understood stupid better. Stupid people are unstoppable.

Not necessarily.  Even if you look at the philanthropy by these billionaires you'll notice often that the use of public funds is either a contingency or ultimate goal.  Again, billionaires benefit from the status quo.    Bitcoin disrupts that and the power they hold.

Billionaires also benefit from playing the risks and knowing, or at least correctly guessing, when the status quo is no longer ante :)

That's probably the closest thing Bill Gates has said (to-date) that can be deemed as being in favor of Bitcoin [Edit: digital currency]:


http://www.linkedin.com/today/post/article/20130828134129-251749025-we-need-our-brightest-people-working-on-our-biggest-problems

[Update: He could be among those who consider any electronic transaction to be a "digital currency" transaction, it isn't evident from this.]

Well said. And don't forget the biggest group of billionaires - those who are uninformed about bitcoin.

I think he said "Bitcoin is a techno tour de force."

I am a billionaire.

I hate bitcoin.

"Can't think of a gift for that special billionaire in your life? .... there is always bitcoin!"

Does the currency matter for billionaires that is euro and dollar ones...

They should have relatively diverse assets for their own good so currency isn't really a big thing. If you are really rich, you are really rich no matter what currency is in use. Unless you only do bonds...

if i were a billionaire i'd have my assets diversified in many ways, gold, silver, bitcoin, real estate, etc. this way i'm not left with toilet paper when the people wake up and realize their fiat is worthless.