What Do the World's Rich Think About Crypto & Blockchain?


 "Everyone has a different opinion, some like it but some hate crypto."

Despite the development of the cryptocurrency market and blockchain technology, the world's richest individuals also have different views on the two innovations.

You want to know the views of the millionaires? Let's look at the information below.

Jeff Bezos

Amazon founder Jeff Bezos who is rumored to be investing in Bitcoin (BTC) has been the cause of Binance Chief Executive Officer (CEO) Changpeng Zhao (CZ) saying that Bezos is capable of driving the digital asset's price rise.

However, Bezos denied the statement saying that he only owns blockchain development, where Amazon in 2018 signed an agreement with a blockchain startup called Kaleido.

Bill Gates

In 2014, Bill Gates stated that BTC is better than other currencies but retracted his statement saying digital currency is not good for transactions.

During an interview with CNBC in 2018, Gates viewed crypto as a purely speculative investment but blockchain could bring many benefits in the future.

Warren Buffett

Tron CEO Justin Sun said that staunch crypto critic Warren Buffett is very open to the new technology after trying to explain the digital asset's potential during a charity lunch with him.

Even so, Buffet still stands by his stance of refusing to invest in any crypto because he believes it has no value.

Bernard Arnault

Arnault reportedly partnered with Microsoft Azure and ConsenSys last year to develop a blockchain platform that would track products produced by his company LVMH.

However, he denied involvement in setting up a crypto trading company called Abesix belgique.

Larry Ellison

Ellison who is the co-founder of Oracle is one of the most billionaires who gives full support to BTC and blockchain technology, where he believes it will give many advantages to various parties.

Mark Zuckerberg

Since 2018, Mark Zuckerberg is convinced that the blockchain technology that generates BTC can help improve Facebook in the future.

Following that, Facebook has also launched a stablecoin called Libra, although many individuals expressed their concern that users of the platform who use Libra as a currency may be affected.

Michael Bloomberg

Bloomberg who is running as the Democratic Party presidential candidate in the 2020 US presidential election said that crypto is an asset worth hundreds of billions of dollars but regulatory oversight remains fragmented and underdeveloped.

He also included a policy in his campaign that would protect consumers from crypto scams and clarify responsibilities including a framework for regulators.

Ray Dalio

Dalio, the founder of Bridgewater Associates believes gold is a safe haven compared to BTC, where he thinks storing wealth through the digital asset is completely ineffective following its volatile price movements.

Elon Musk

Tesla founder Musk sees crypto as a substitute for cash but not the main substitute as he thinks the digital asset is being used for illegal transactions.

Although Musk does not fully support crypto, he believes the financial industry will face significant changes and central banks need to be careful.

Jack Ma

Ma who is the founder of the e-commerce company Alibaba and the chairman of Ant Financial paid special attention to BTC and blockchain following his belief that it can create a cashless society.

During the 20th annual China Science and Technology Association, Ma maintained his stance on BTC as a potential digital asset to be developed in the future.

Michael Novogratz

Founder of Galaxy Digital Holdings and former manager of Fortress Investment Group, Novogratz who correctly predicted that BTC will reach $10,000 by the end of 2017 believes the digital asset will become digital gold.

He is found to have invested 30% of his wealth in crypto and to this day remains confident in the digital asset even though its price is still in volatile movements.

Tim Draper

Draper, who has maintained his bullish stance on BTC since June 2014, was found to have held $19 million worth of the digital asset at the time while recently pulling his fortune out of the stock market to buy more BTC.

The Winklevoss twins

Gemini founders Tyler and Cameron became the first BTC millionaires after the price successfully climbed in 2017. The Winklevoss twins also believe Facebook's Libra has the potential to further develop the crypto market.

Bill Harris

The former CEO and co-founder of PayPal, Harris is known as one of BTC's critics when he previously called the digital asset a fraud.