• Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
Newsletter
Crypto Hoarding
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us
No Result
View All Result
Crypto Hoarding
No Result
View All Result
Home Ethereum

Billionaires are backing Bitcoin over gold… but some say Ethereum is even better – Cointelegraph

Admin by Admin
October 14, 2021
in Ethereum
0
Billionaires are backing Bitcoin over gold… but some say Ethereum is even better – Cointelegraph
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Following JPMorgan CEO Jamie Dimon’s recent comments that Bitcoin is worthless, two well known billionaires have leapt to its defense — although both of them say Ether has some even more desirable properties.

During an interview with CNBC’s Squawk Box on Oct. 13, Barry Sternlicht, the co-founder of Starwood Capital Group said that gold was actually “worthless” and he is hodling Bitcoin (BTC) because every government in the “western hemisphere” is printing endless amounts of money.

Related articles

How miners are preparing for Ethereum’s Merge and the implications on ETH price – FXStreet

How miners are preparing for Ethereum’s Merge and the implications on ETH price – FXStreet

July 5, 2022
Ethereum [ETH] miners’ revenue check amid ‘Merge’ anticipation – AMBCrypto News

Ethereum [ETH] miners’ revenue check amid ‘Merge’ anticipation – AMBCrypto News

July 4, 2022

Sternlicht is estimated to have a net worth of around $4.4 billion and is known for his investments in the real estate market via Starwood Capital Group. The investment firm was founded in 1991 and reportedly has around $95 billion worth of assets under management (AUM).

Sternlicht was asked for his take on Jamie Dimon’s reiterated skepticism over BTC being “worthless.”

“Gold is kind of worthless too, and so is silver, I mean they have some industrial uses but they are minor. The reason I own Bitcoin is because the U.S. government and every government in the western hemisphere is printing money now to the end of time,” he said.

Dallas Mavericks owner Mark Cuban, who has a net worth of $4.3B, echoed similar sentiments when he spoke to CNBC Make IT on Wednesday. Cuban said that BTC is “better than gold,” before going on to say that he thinks Ethereum has the “most upside” as an investment.

Despite favoring BTC over gold, Sternlicht also went on to qualify his support for Bitcoin with praise for Ethereum.

“Bitcoin is a dumb coin, it has no real purpose other than a store of value, and it’s crazily volatile. So Ether, I own some of that, it’s a programmable Bitcoin and there are tons of other coins that are built on that system.”

“I’ve become very interested in blockchain technology as a whole, and the digital ledger which is going to change everything, we’re probably in inning one,” he added.

Related: Billionaire Bill Miller advocates for Bitcoin, but doubtful on altcoins

Not every billionaire is on board the crypto train however. Larry Fink the chairman of the world’s largest asset manager BlackRock ($9.4 trillion AUM) stated that he’s “probably more on the Jamie Dimon camp.”

“I’m not a student of Bitcoin and where it’s going to go so I can’t tell you whether it’s going to $80K or $0. But I do believe there is a huge role for a digitized currency,” he said.

Share76Tweet47

Related Posts

How miners are preparing for Ethereum’s Merge and the implications on ETH price – FXStreet

How miners are preparing for Ethereum’s Merge and the implications on ETH price – FXStreet

by Admin
July 5, 2022
0

Ethereum miner revenue has dropped to $498 million, an alarmingly low level, in June. A decline in Ethereum price and...

Ethereum [ETH] miners’ revenue check amid ‘Merge’ anticipation – AMBCrypto News

Ethereum [ETH] miners’ revenue check amid ‘Merge’ anticipation – AMBCrypto News

by Admin
July 4, 2022
0

Ethereum has continued to enjoy a fair share of dominance among the altcoins. That goes for miners as well. Ether...

Why lower gas fees is super bullish for the Ethereum price – FXStreet

Why lower gas fees is super bullish for the Ethereum price – FXStreet

by Admin
July 4, 2022
0

Ethereum price shows historically low gas fees. ETH price shows a bounce at a critical Fibonacci level. Invalidation of the...

What to Expect From Bitcoin and Ethereum in Q3 2022 – Crypto Briefing

What to Expect From Bitcoin and Ethereum in Q3 2022 – Crypto Briefing

by Admin
July 4, 2022
0

Key Takeaways Bitcoin plummeted by 56% in Q2 2022. Meanwhile, Ethereum had a negative quarterly performance of 67%.  Low trading...

Bitcoin and Ethereum may face stiff competition from this technology – Mance Harmon – Kitco NEWS

Bitcoin and Ethereum may face stiff competition from this technology – Mance Harmon – Kitco NEWS

by Admin
July 4, 2022
0

.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed {...

Load More
  • Trending
  • Comments
  • Latest
Major Changes Coming to XRP Ledger As Ripple-Backed Startup Launches Key Amendment in Beta Testnet – The Daily Hodl

Major Changes Coming to XRP Ledger As Ripple-Backed Startup Launches Key Amendment in Beta Testnet – The Daily Hodl

April 21, 2021

SteveWillDoIt reveals hacker stole his crypto wallet: “I lost a lot of money” – Dexerto

July 26, 2021
Forte’s PTI gets financial transaction licenses for blockchain games – VentureBeat

Forte’s PTI gets financial transaction licenses for blockchain games – VentureBeat

February 11, 2022
DOGE passes Uniswap and Litecoin to become 8th largest cryptocurrency by market cap – Cointelegraph

DOGE passes Uniswap and Litecoin to become 8th largest cryptocurrency by market cap – Cointelegraph

April 15, 2021
Crypto hackers loot $2 billion in H1 2022 as cybercriminals thrive – Finbold – Finance in Bold

Crypto hackers loot $2 billion in H1 2022 as cybercriminals thrive – Finbold – Finance in Bold

0

Rivals Ripple and R3 partner up | PaymentsSource – American Banker

0
Ripple seeks shelter in D.C. from Libra’s political storm – American Banker

Ripple seeks shelter in D.C. from Libra’s political storm – American Banker

0

Litecoin Gets Bullish Speculation, at Last, as Upgrade Approaches – Coindesk

0
Crypto hackers loot $2 billion in H1 2022 as cybercriminals thrive – Finbold – Finance in Bold

Crypto hackers loot $2 billion in H1 2022 as cybercriminals thrive – Finbold – Finance in Bold

July 5, 2022
Bitcoin miners struggle with crypto’s price decline, rising energy costs, and increase in mining difficulty – MarketWatch

Bitcoin miners struggle with crypto’s price decline, rising energy costs, and increase in mining difficulty – MarketWatch

July 5, 2022
Ripple may benefit from new Supreme Court makeup in XRP lawsuit – FinanceFeeds

Ripple may benefit from new Supreme Court makeup in XRP lawsuit – FinanceFeeds

July 5, 2022
How miners are preparing for Ethereum’s Merge and the implications on ETH price – FXStreet

How miners are preparing for Ethereum’s Merge and the implications on ETH price – FXStreet

July 5, 2022
Crypto Hoarding

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Bitcoin
  • Blockchain
  • Cryptocurrency Hackers
  • Ethereum
  • Litecoin
  • Ripple

Newsletter

[mc4wp_form]

  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Cryptocurrency Hackers
  • Ripple
  • Litecoin
  • Contact Us

Copyright (c) 2021 - Crypto Hoarding - All Rights Reserved - web design by TechyRack