More On: Billionaires Buying Bitcoin
Celebrities like Wall Street investors and hedge fund managers, tech CEOs and billionaires are buying Bitcoin and talking to the media about it. Cryptocurrency is quickly becoming too important for the financial world not to pay attention to.
List: This is a top 15 list of the times billionaires who bought Bitcoin made the news, from around the 2017 bull run to 2021. It includes their best quotes and Bitcoin price predictions.
It's not just billionaires who are interested in cryptocurrency. Some of them have even been quoted talking about popular altcoins like Ethereum (ETH), Shiba Inu (SHIB), Solana (SOL), and decentralized finance (DeFi) (NFTs).
Elon Musk - CEO SpaceX
As the CEO and creator of SpaceX, Elon Musk is responsible for the company's product design and development. As of September 2021, Tesla CEO Elon Musk is the richest person in the planet, surpassing Amazon CEO Jeff Bezos on the Forbes wealthy list.
“I own Bitcoin, Tesla owns Bitcoin, SpaceX owns Bitcoin.” (Forbes, Jul 2021)
“To clarify speculation, Tesla has not sold any Bitcoin. I have not sold any of my Bitcoin. Tesla has diamond hands.” (CNBC, May 2021)
“Having some Bitcoin is simply a less dumb form of liquidity than cash. When fiat currency has negative real interest, only a fool wouldn’t look elsewhere. ” (via Twitter @elonmusk)
“My Shiba Inu will be named Floki.” (via Twitter @elonmusk)
Barry Silbert - CEO of Digital Currency Group
Barry Silbert is the founder of Grayscale, Nasdaq Private Market, and Digital Currency Group. He was one of the first billionaires to buy Bitcoin in 2012, and he is the CEO of Digital Currency Group.
“In 2013, everybody thought we were crazy for launching a Bitcoin investment fund. Well, look at us now.” (via Twitter @BarrySilbert)
“Banks can’t ignore Bitcoin anymore.” (Fortune.com, Apr 2014 )
“Once Wall Street starts putting money into Bitcoin – we’re talking about hundreds of millions, billions of dollars moving in – it’s going to have a pretty dramatic effect on the price.” (Coinmarketcap, Feb 2021)
Mark Zuckerberg - CEO Meta
Facebook, which has since changed its name to Meta and started a project called Metaverse, was said to be working on its own cryptocurrency called Libra at one point. Mark Zuckerberg didn't like Bitcoin much when it first came out.
“Cryptocurrency technologies can take power from centralized systems and put it back into people’s hands.” – (Economic Times, 2018)
“I’m very optimistic about Crypto and Web 3 and that whole general direction. I think it’s still quite early compared to what it’s going to be and its full potential.”
Many years have passed, and no one knows what happened to Libra. There are some proposals that it will become a stablecoin called Diem. This is what happened.
Tim Cook - CEO Apple
Tim Cook has been the CEO of Apple since 2011. Before that, he was the COO under Steve Jobs.
“I think it’s reasonable to own it as a part of a diversified portfolio – and I’m not giving anybody investment advice by the way [chuckles].”
“I do own some. I think it’s interesting. Apple is looking into cryptocurrency.”
“I’ve been interested in it for a while and I’ve been researching it and so forth.” (Dealbook online summit, Nov 2021)
With Twitter, Square, and the Bitcoin fund with rapper Jay Z, Jack Dorsey became rich.
“What inspires me the most about Bitcoin is the community driving it. It reminds me of the early internet.” (CNBC, Jul, 2021)
“My hope is that creates or helps create world peace. It’s going to be long-term, but my hope is definitely peace.” (CNBC, Jul, 2021)
“Bitcoin changes absolutely everything. I don’t think there is anything more important in my lifetime to work on.” (Yahoo, Jul, 2021)
“The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be Bitcoin.” (The Times, Mar 2018)
Shark Tank star Mark Cuban is a multi-billionaire television personality. He has a positive outlook on both Bitcoin and the Ethereum virtual currency.
Galaxy Digital CEO and former hedge fund manager Mike Novogratz. By investing in Bitcoin, he was able to recoup his money from the 2008 financial crisis.
“There’s been a giant realization that crypto is not just Bitcoin being bought as a hedge against bad monetary and fiscal policy. More importantly, it’s the web 3.0. No investor wants to miss the next internet.” (BeingCrypto.com, Sep 2021)
“Crypto has bounced back because institutions are buying… this was partly a big short-covering rally and partly recognition that this is a real market that’s not going anywhere.” (Yahoo Finance, Jul 2021)
“The amount of growth that we’re going to see in our space is staggering. We’re just getting started. Right now, total crypto wealth is roughly $2 trillion, so that’s one half of 1% of all wealth. If you don’t think in the next two to three years that can be 2% to 3%, you’re not paying attention to the trends.” (CNBC, Apr 2021)
The Winklevoss twins
Some believe that the Winklevoss twins, who famously tried to sue Mark Zuckerberg, are the legitimate proprietors of Facebook. They made their fortunes in the cryptocurrency markets by investing in Bitcoin.
“Our thesis is that Bitcoin is Gold 2.0, that it will disrupt Gold as a store of value. If it does that, it has to have a market cap of 9 Trillion, so we think it could price one day at $500,000 a Bitcoin.” (Business Insider, Nov 2020)
“Bitcoin is a hold or a buy opportunity if you don’t have any, because we think there’s a 25x from here.” (CNBC, Nov 2020)
“A Shiba Inu $DOGE is man and woman’s best friend. It may not be the hero the world deserves right now, but it may be the one that we need right now. (via Twitter @tyler)
“First they laugh at you, then they laugh at you some more, then they laugh at you even more, then Dogecoin goes to the moon.” (via Twitter @cameron)
Paul Tudor Jones is the author of the book "Paul Tudor Jones
"Investing in Bitcoin is like investing with Steve Jobs and Apple, or investing in Google when it was still a new company." It will be (Oct 2020):
A lot of things about Bitcoin make it like you're an early investor in a new tech company. As far as I can tell, we're only in the first game of Bitcoin. It has a long way to go. It will be (Oct 2020):
The people who believe in Bitcoin are really smart and sophisticated. There is a huge group of them." There were a lot of inflation trades you could make, and I thought Bitcoin was going to be the best of them. (Cryptonews.net, October 2020): This is what people say.
One of the founders of the Robin Hood Foundation is Paul Tudor Jones. He has been giving back for a long time and is a hedge fund manager and billionaire.
It's said that Tim Draper is a billionaire entrepreneur, venture capital investor, and graduate of Stanford and Harvard Business School.
People say that Bitcoin will reach $250,000 by the end of 2022 or the beginning of 2023. Think I'm going to be right.
In the software world, Bitcoin is like Microsoft or Amazon. In the e-commerce world, Bitcoin is like eBay.
This means there are only 21 million of them. I think Bitcoin will keep rising because of this. By the way, only 21 million bitcoin can be mined because of the way the code is written. Give it about a year and a half, and all stores will accept Bitcoin. There are a lot of different quotes from CNBC from June 2021.
For many years, Bill Miller was a well-known value investor and manager of hedge funds on Wall Street.
Risks of bitcoin going to zero are way down than they have ever been before." Until now, it has been very volatile. I think right now, though, that its staying power is getting better every day." There will be a Business Insider report in November 2020.
Eventually, I think every big bank, every big investment bank, and every big company with a lot of money will have some kind of Bitcoin or something like it. (Forbes, November 2020) This is how it will look.
"I think Bitcoin is a great idea. For the last year, five years, and 10 years, it was the best-performing type of asset on the market. (Forbes, November 2020) This is how it will look.
BitCoin is less risky at $43,000 than it was at $300. It's because it's been around for a while now and people know about it. In the past, there has been a lot of money from venture capital that went into it. Every major bank is taking part. My answer: "Yes, I'm willing to go over the waterfall with this one." Nasdaq.com says that in 2021, it will be possible to buy and sell stocks on the internet.
There are other protocols that are better than Ethereum, like Solana. Will they be able to get it? I don't know, but it's a very complicated field, and that's why I tend to stay with Michael Saylor and some of these other people. If I had a lot of money in Bitcoin, I'd have a small amount of Ethereum. It will be in October 2021 when Blockworks.co will have a look at it.
Stanley Drunkenmiller used to be the chairman and president of Duquesne Capital, a company with assets worth more than $12 billion, but he no longer does.
Every day that goes by, it gets more stable as a brand. It's been around for 13 years now." Bitcoin could be an asset class that people like because it can be used as a way to keep money safe. There will be a CoinTelegraph report on Nov. 2020 that says that.
Gold might work, but if it does, the Bitcoin bet might work better because it's thinner, more illiquid, and has a lot more beta to it. When I first heard about Bitcoin, I didn't like it. USA Today, January 2021:
It used to be that Anthony Scaramucci worked for the White House as the Director of Communications. He left Goldman Sachs to start an investment firm called Skybridge Capital, which now has $9.2 billion in assets. In 2020, he put $400 million into Bitcoin. Now, he's a billionaire because of that.
You end up investing in it if you do your homework Take a look at Ray Dalio, who used to be skeptical of Bitcoin. Now, he is a Bitcoin investor. In October 2021, CNBC will be on the air again.
If you had one cent in Bitcoin and 99 cents in cash over the last decade, you did better than everyone else. Think about that.
There are billions of dollars worth of this stuff in my bank account. I'm in. It was on a podcast by A. Pompliano in October of 2021.
Big money is buying Bitcoin. Who will be left in 2022?
Jamie Dimon, the CEO of JPMorgan, is one of the few billionaires in finance who still doesn't like the idea of Bitcoin. Even though JPMorgan Chase did become the first bank to let people buy Bitcoin for cash.
Peter Schiff, a stockbroker and financial commentator, is the most vocal person on Twitter who doesn't like Bitcoin. If you look at his net worth, it is only $70 million. He prefers to invest in gold, but he is not yet a billionaire.
Millionaire Charlie Munger, an American investor and the vice chairman of Berkshire Hathaway, is one of the people who don't like crypto.
"I don't like giving your extra billions of dollars to someone who just came up with a new financial product out of thin air."
This is a quote from Warren Buffett, the billionaire CEO and chairman of Berkshire Hathaway. He says that if you buy something like Bitcoin or some other cryptocurrency, you don't own anything that is making money. You just hope the next person will pay more.
Goldman Sachs has recently changed its mind about crypto, which was once one of its biggest critics. It has now added Bitcoin trading to its services. There has been a lot of talk about institutional investors buying Bitcoin and other digital assets, which has made the Bitcoin market cap once again reach $1 trillion again.
It has just been approved for the first futures-based ETF. Is the price of Bitcoin going to rise because more people are buying it? I don't know what will happen in 2022 and the years after.
As a result, the price of all altcoins, even if they are more speculative and based on memes, will also go up. This is true even if they are more speculative and based on memes.
In 2022, the Russian government said it owns more than $200 billion worth of Bitcoin and is working to make it legal tender. Vladimir Putin could also be added to the list. Bitcoin is near its 21-week EMA, which is a good time to buy Bitcoin.
Before the next crypto bull run, we looked at some good coins to buy, along with BTC.
** Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of USA GAG nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.