These billionaires are Bitcoin fans
Bitcoin is still considered by some to be a scam or something of low intrinsic value.
That changes however, since prominent institutional investors and billionaires stand now behind Bitcoin.
Here is a brief summary of some of the many billionaires who support Bitcoin.
Bitcoin has a list of billionaires who support it
Bitcoin is still considered by some to be a scam or something of low intrinsic value. However now both private investors and prominent institutional investors begin to recognize Bitcoin and the crypto currencies as a whole.
Here is a brief recap of the many billionaires who are committed to Bitcoin:
Stanley Druckenmiller, a billionaire asset manager known for predicting the Great Recession of 2008. His net worth is estimated at over 4 billion dollars.
Paul Tudor Jones, a friend of Druckenmiller and also a billionaire asset manager.
Jack Dorsey, also CEO of Square and Twitter. Dorsey has enabled Square to enter the crypto-currency space and considers Bitcoin the most likely candidate for a local currency on the Internet.
Abigail Johnson, CEO of Fidelity Investments, the world’s largest asset manager She has been mining Bitcoin since 2014 and has pushed the asset into the crypto-currency space with a prime brokerage service.
Chamath Palihapitiya, a Canadian-American venture capitalist who once held 5% of Bitcoin’s supply with a number of partners. He is also the chairman of Virgin Galactic.
- 1) Stanley Druckenmiller
- 2) Paul Tudor Jones
- 3) @jack
- 4) @michael_saylor
- 5) Abby Johnson
- 6) @chamath
- 7) Bill Miller
- 8) @novogratz
- 9) @CathieDWood
- 10) David Swensen
Damn good group of investors if you ask me.
Stanley Druckenmiller is probably the biggest BTC cop
Some argue that Stanley Druckenmiller’s endorsement of Bitcoin may have been the greatest advocacy to date.
On Monday, the billionaire Wall Street investor spoke to CNBC about his thoughts on the markets. Widely regarded as one of the best asset managers in the world, Druckenmiller said he thought Bitcoin might be a better bet on inflation than gold.
While he admitted that he owns more gold than Bitcoin on a dollar basis, he expects BTC to catch up in terms of its pricing actions.
According to the investor, the coin has „a great attraction“ to millennium investors and „West Coast money“.
Raoul Pal, CEO of Real Vision and a friend of Druckenmiller, comments on this news:
„The importance of the world’s largest and most respected money manager – Stan Druckenmiller, who said earlier that he is already Long Bitcoin, cannot be overestimated. This removes any obstacle for any kind of hedge fund or foundation that wants to invest….“.
Many investors are currently hesitant to buy Bitcoin because they put it in a criminal’s drawer or consider it something that „normal“ investors should not own. But now that one of the best investors in the world is endorsing Bitcoin, capital allocations in this area could rise rapidly.