What Are The Financial Elite Saying About Bitcoin?

[Trevor Lyman]

http://libertyupward.com/what-are-the-financial-elite-saying-about-bitcoin/

Interesting stuff.  There were actually a few surprises for me in this article.  Even Mr. ManBearPig liked bitcoin.

http://southparkstudios.mtvnimages.com/images/shows/south-park/clip-thumbnails/season-10/1006/south-park-s10e06c02-awareness-of-manbearpig-16x9.jpg

[NorrisK]

Seems to be a bit biased in the people that were chosen. Only Warren Buffet is being negative on bitcoin. I don't believe 80-90% of the financial elite are that positive on bitcoin.

[unamis76]

To sum up the article, there are 3 kinds of "financial elite" regarding Bitcoin:
They embrace it
They say it might be good, but don't really care
They say they don't like it, but are secretly pouring money into it

[Stargazer]

Seems to be a bit biased in the people that were chosen. Only Warren Buffet is being negative on bitcoin. I don't believe 80-90% of the financial elite are that positive on bitcoin.

You need more people to draw such conclusion, people that were contacted for this survey were mostly known to be interested in bitcoin and comment on it in the past.

By the way, beware of that picture of Eric Voorhees... he's looking into your soul

[funkenstein]

Wow, financial elite are interested in money.  Who'd have guessed.  

What's next, pimps recommend hos?  
Maybe top physicists admit to having studied math?  

The surprise is that Al Gore has perhaps the most astute comment from the bunch, actually identifying the raison d'etre of a public coin.  

[vm_mpn]

Lol, love John McAfee picture - right on!

[thebigtalk]

One thing is for sure. They love bitcoin and they are into it already even if they deny it in public. Who wants competition to treasures anyway? They just wanted to be the first above all. All for the sake of their title, money and future.

[Kakmakr]

Of all of those, I value the opinion from Peter Thiel the most. He has a clue what a payment system should be and he has previous experience with his inputs in PayPal.
Mark Cuban is arrogant and should stick to sport. I watched him on Shark tank, and when things gets a bit technical, he starts to loose the plot. He can be brilliant, but he needs someone to explain the tech in detail for him to grasp it.
Warren Buffett will look like a fool in 5 years time, because his old school thoughts tie him down. 

[Amph]

oh buffet, you still see it a joke do you? i wonder if he will find it a joke when the value will skyrocket, besides this he should now that the value of a thing is always a mirage, no matter if it is bitcoin or anything else

apparently even Eric didn't understand why it has value....

[jayce]

oh buffet, you still see it a joke do you? i wonder if he will find it a joke when the value will skyrocket, besides this he should now that the value of a thing is always a mirage, no matter if it is bitcoin or anything else

apparently even Eric didn't understand why it has value....

Maybe his business was got disturbed by bitcoin now. We will wait what his next comment after bitcoin get higher reputation in future.

[Possum577]

I don't think the financial elite, i.e., wealthy, are who we need to be listening to. The wealthy will invest in anything that they think might make them richer - stocks, art, horses, bitcoin, etc.

They have the money to lose in these things for the opportunity, the chance to gain. It doesn't surprise me that the wealthy are in on it. They want every opportunity to make money as we do. It's the financial average or financial poor using it that would really make the difference, the adoption difference.

Any studies on average income and average wealth per user?

[Slark]

oh buffet, you still see it a joke do you? i wonder if he will find it a joke when the value will skyrocket, besides this he should now that the value of a thing is always a mirage, no matter if it is bitcoin or anything else

apparently even Eric didn't understand why it has value....

Maybe his business was got disturbed by bitcoin now. We will wait what his next comment after bitcoin get higher reputation in future.

I doubt that Warren Buffet sees bitcoin as a threat for his business as of now. His fortune is big enough. Value of bitcoin is manipulated by whales, Warren knows that he could easily buy some huge amount of coins and dump it just to mess with bitcoin price. And again he is old, maybe he doesn't foresee the consequences of digital currency revolution, or maybe bitcoin is not the messiah of cryptocurrency we are waiting for?

[aztecminer]

http://libertyupward.com/what-are-the-financial-elite-saying-about-bitcoin/

Interesting stuff.  There were actually a few surprises for me in this article.  Even Mr. ManBearPig liked bitcoin.

a lot of them will lose a lot of money when the bail in's start to happen.

[BitRod]

Its sad people listen to these old men because they are suppose to be wise. They misuse their power and scam the young from their future. Credit cards will die with the baby boomers. Bitcoin is a weapon to help the young fight the old monetary system.

[funkenstein]

Credit cards will die with the baby boomers.

Why do people continue to imply credit cards are somehow a competitor to bitcoin ?  They work just as well with any currency.  
Credit cards don't provide a unit of account.  Bitcoin is a unit of account.        

[Buttknuckle]

Seems to be a bit biased in the people that were chosen. Only Warren Buffet is being negative on bitcoin. I don't believe 80-90% of the financial elite are that positive on bitcoin.

So, Buffet is part of a team with Munger without whom he would not have been as successful.  Buffet is old and he is familiar with certain types of investments.  That is ok, you have to work with what you know and what you are good at.  Keep in mind that Buffet is far from making the correct call 100% of the time.  The thing is when he does make the correct call he makes it BIG.

[bryant.coleman]

Its sad people listen to these old men because they are suppose to be wise. They misuse their power and scam the young from their future. Credit cards will die with the baby boomers. Bitcoin is a weapon to help the young fight the old monetary system.

People listen to the rich old men, just because they are rich. Few people realize that the methods they used, to increase their wealth then, are not viable right now. And once someone gets filthy rich, his main intention won't be to increase his wealth. The aim will be to protect his savings and investments. That's why they are against anything which is different and innovative.

[blablaace]

obviously the financial elite are deathly opposed to the concept of bitcoin .. but right now they dont take it very seriously

[MF Doom]

obviously the financial elite are deathly opposed to the concept of bitcoin .. but right now they dont take it very seriously

I've seen Jamie Dimon (JP Morgan CEO) speak negatively about BTC. I think they all feel that it is just a small annoyance though, and are waiting to see how it evolves.  I think if btc continues to grow they will be ready to attack it in full force, or make money off it somehow.

[Nameless Coin]

Screw them. They're bunch of puppets of the classical finance system.
This is Bitcoin man! We're gonna take down your regulated finance system by pigs and rip it apart!