Bitcoin is quite probably the most revolutionary technology to be developed since the internet. Bitcoin is allowing people all over the world to transact free of banks, governments and centralised third parties. Meaning finally people have a way to trade safer value to anyone, anywhere in the world anonymously and for a minimal fee. Since Bitcoin was first introduced in 2009 it has gained a lot of attention, some positive and some negative. People are unsure what to think of Bitcoin, but what do some of the world most famous people think about bitcoin? Here is some Bitcoin Quotes from famous people.
This list includes Bitcoin Quotes from famous people, rich people and successful people. The Bitcoin Quotes are directly what each of them have said, and although does not constitute investment advice in any way. It is helpful to get an idea of what some of the most influential people think about Bitcoin.
Warren buffet has had a number of Bitcoin quotes some worse than others. It is safe to say Warren Buffet is not a supported of Bitcoin or any cryptocurrencies:
“In terms of cryptocurrencies, generally, I can almost say with certainty that they will come to a bad ending,” “Now, when it happens or how, or anything else, I don’t know.” – Source; [CNBC]
Buffet explains that he does not really understand the new technology, and has also compared investing in Bitcoin the same as gambling.
“There’s two kinds of items that people buy and think they’re investing,” he said. “One really is investing and the other isn’t.”
“If you buy something like a farm, an apartment house, or an interest in a business… You can do that on a private basis… And it’s a perfectly satisfactory investment,” he said. “You look at the investment itself to deliver the return to you. Now, if you buy something like bitcoin or some cryptocurrency, you don’t really have anything that has produced anything. You’re just hoping the next guy pays more.” – Source [Yahoo finance]
If you are familiar with Bitcoin you are probably familiar with Jamie Dimon, the CEO of JP Morgan who is famous for calling Bitcoin a fraud:
“Don’t ask me to short it, it could be at $20,000 before this happens but it will eventually blow up. It’s a fraud and honestly I’m just shocked anyone can’t see it for what it is,” describing bitcoin as “worse than tulip bulbs”
He went on to explain how he would fire anyone who even thought about trading Bitcoin at JP Morgan.
“If we had a trader who traded bitcoin I’d fire him in a second for two reasons. One, it’s against our rules. Two, it’s stupid,”
He has since been quote as saying he regrets calling Bitcoin a fraud, and explained how the underlying technology is the future
“The blockchain is real. You can have crypto yen and dollars and stuff like that. ICO’s you have to look at individually”, Dimon said in an exclusive interview with FOX Business’ Maria Bartiromo. “The bitcoin to me was always what the governments are gonna feel about bitcoin as it gets really big, and I just have a different opinion than other people. I’m not interested that much in the subject at all.” – Source [Fox Business]
Richard Branson has admitted previously that he has invested in Bitcoin because he likes to learn about new things. He also believes one day there will be a global digital currency but is unsure on whether it will be Bitcoin
“Well, I think it is working. There may be other currencies like it that may be even better. But in the meantime, there’s a big industry around Bitcoin. — People have made fortunes off Bitcoin, some have lost money. It is volatile, but people make money off of volatility too.” – Source [Bitcoin.com]
Another one of the most famous people involved in the cryptocurrency space. John Mcafee, founder of Mcafee security is very much an advocate for digital cryptocurrencies and most notably… Bitcoin. In fact he is so confident Bitcoin will be the future he has made a pretty extreme bet on the future price:
“Bitcoin’s low of $1,800+ yesterday simply could not be maintained. In the long term Bitcoin moves above $500,000 within three years. Bets?” McAfee tweeted, adding that if it doesn’t: “I will eat my d*ck on national television.”
He didn’t stop at $500k however, he decided he would up the ante
“When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong.” – Source [Twitter]
Is an American politician and environmentalist who served as the 45th Vice President of the United States from 1993 to 2001. Even he has an opinion on Bitcoin:
“When bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the bitcoin universe an algorithm replaces the function of the goverment …[that] is actually pretty cool.” – Source [Learning Bitcoin]
Bill Gates, the billionaire founder of Microsoft and philanthropist has said some mixed things on Bitcoin:
“Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.” – Source [Bloomberg]
He is obviously ver excited about the technology and howmit can benefit those in lesser economically developed countries
“Bitcoin is a technological tour de force.” – Source [FoxBusiness]
However he has also outlined the negative side of Bitcoin and cryptocurrencies:
“Right now cryptocurrencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way.”
Finally a word from the creator of Bitcoin:
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“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.”