[2019-09-23] CEO of largest alternative investment firm vows not to buy bitcoin

[error08]

For a 72 years old man, bitcoin maybe not tempting to invest due it's volatility, just sticks to the old way with currency controlled by governments and banks.
Blockchain technology is built to encourage freedom and autonomy and can be used in various ways such as cover financial instruments transactions, smart contracts, decentralized applications or decentralized artificial intelligence. No wonder why he prefers to invest in blockchain technology than invest in bitcoin.

[richardsNY]

Not sure why he is not concerned about the fiat currency use among criminals .

Because he is one of the criminals using fiat.

In all fairness, I find most of people reacting to these CEO statements to be more ignorant than the CEO's themselves. It's all a show they put up so that the average person looking up to them don't get involved, and that while these CEO's have a great laugh behind the scenes seeing their stacks grow larger and larger. It's a game they play. Smart money versus dumb money. Guess who's going to win?

[BitHodler]

Because he is one of the criminals using fiat.

Care to elaborate on that statement? I don't think he has done anything illegal-- what he understands is how to utilize the grey areas within the field his multi billion dollar fund operates in.

Just because we don't necessarily agree with these tactics doesn't mean he is doing anything illegal. Similarly, the smart money perfectly knows how to not be taxed their bums off like the regular folks and businesses.

In fact, I strongly encourage the attitude of those who don't just bend over to have the governments enter dry. It's their revenue/profit, so also their right to protect it within what's legally allowed.

[bbc.reporter]

@BitHodler. Bitcoin is a competitor to the privilege from the regulatory grey areas that only the rich can take advantage of. They do not want that similar privilege for everyone.