Billionaires are backing Bitcoin over gold ... but some say Ethereum is even ...
“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,” said Billionaire Barry Sternlicht. 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....
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Bitcoin is still seen by some as a scam or something with little intrinsic value. But this is changing, with prominent institutional investors and billionaires backing Bitcoin. Here’s a brief recap of some of the many billionaires that are big on Bitcoin. Bitcoin Has a List of Billionaire Backers Bitcoin is still seen by some as a scam or something with little intrinsic value. But this is changing, with both retail investors and prominent institutional […]
The American business magazine Forbes recently published the company’s 2021 documentation of the wealthiest billionaires in the world. According to the list published annually every March, there are now 12 billionaires that work directly within the cryptocurrency industry and the list of crypto billionaires is 3x larger than last year. Today’s Crypto Billionaires List Since March 1987, Forbes has been publishing a list of the world’s wealthiest billionaires compiled in a list for the public to view. Back then the Japanese businessman and real-estate mogul Yoshiaki....
The gold industry was shaken when it was discovered that 83 tons of fake gold bars were used to back loans worth 20 billion yuan in China. While Chinese authorities have not said whether the real gold exists or where it is, an insider claims to know what happened. The Mystery Behind the Chinese Scandal Involving 83 Tons of Fake Gold Bars One of China’s largest gold jewelry manufacturers, Kingold Jewelry Inc., was caught in a major fake gold scandal earlier this year. The company used 83 tons of gold bars to back loans worth 20 billion yuan ($3 billion) from 14 Chinese financial....
Bitcoin has the potential to be revolutionary and has drawn comparisons to many of the most powerful assets and technologies on the planet. On the asset side, it is earning its place alongside gold and currencies, while as a technology could be as groundbreaking as the personal computer or the internet. The author of the book Bitcoin Billionaires even believes, based on his close experience with the social network, that the cryptocurrency could become as […]
A gold-backed bitcoin may not be the dream team it's made out to be. Although there has been a lot of talk about backing Bitcoin payment with gold or other assets in the past, there are now two separate projects attempting to turn this idea into a reality. Plenty of people out there believe that there is no intrinsic value behind bitcoins, which is why they want to see some kind of real asset backing a new digital currency. There aren't many people who would contend that the payment technology behind Bitcoin is not revolutionary, but they'd like to see it tied to some kind of tangible....