With well-known names together with Wall Street buyers, hedge fund managers, large tech CEOs, Silicon Valley entrepeneurs and billionaires buying Bitcoin then speaking to media, cryptocurrency is quick changing into not possible for the monetary world to ignore any longer.
Here’s a prime 13 listing of the occasions billionaires buying Bitcoin made the information previous and current, from across the 2017 bull run to 2021 – together with their greatest quotes and Bitcoin price predictions they made.
Some billionaires have even gone additional and been quoted speaking about standard altcoins Ethereum (ETH), Dogecoin (DOGE), Shiba Inu (SHIB) and Solana (SOL), decentralized finance (DeFi), and non-fungible tokens (NFTs).
“I own Bitcoin, Tesla owns Bitcoin, SpaceX owns Bitcoin.”
“To clarify speculation, Tesla has not sold any Bitcoin. I have not sold any of my Bitcoin. Tesla has diamond hands.”
“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.”
“My Shiba Inu will be named Floki.”
Elon Musk is the founder and CEO of SpaceX and product architect of Tesla, Inc. A centibillionaire, Musk is the richest individual on the earth as of September 2021, not too long ago overtaking Jeff Bezos on the Forbes rich list.
“In 2013, everybody thought we were crazy for launching a Bitcoin investment fund. Well, look at us now.”
“Banks can’t ignore Bitcoin anymore.”
“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.”
Barry Silbert is the founding father of Grayscale, Nasdaq Private Market, and the CEO of Digital Currency Group, one of many first billionaires buying Bitcoin since 2012.
“Bitcoin is a better alternative to Gold, and it’s going to continue to be. That’s why I own Bitcoin and never sold it.”
“What really changed everything was smart contracts. They came along, and that created DeFi and NFTs. That’s what changed the game. That’s what got me excited. That’s why it’s a lot like the internet.”
“I own Bitcoin and I have a lot of Ethereum as well. I wish I had bought it sooner, but I started buying it four years ago, simply because I think it’s the closest we have to a true currency.”
“As long as more companies take Doge for products/services, then Doge can be a usable currency because it MAY hold its purchasing value better than a $ in your bank. If interest rates skyrocket or the amount spent falls or stagnates, so will Doge. Yes, a joke is now legit.”
“The number of transactions and the diversity of transaction types along with the development efforts in Ethereum dwarf Bitcoin. The utilization of Ethereum is much higher.”
Mark Cuban is a billionaire TV persona, showing on Shark Tank. He is bullish on each Bitcoin and Ethereum.
“Bitcoin is going to flip Gold, and it’s going to subsume the entire Gold market cap.”
“I think you can expect that we’ll have a billion more people storing their value, in essence in a savings account, on a mobile device within five years and they’re going to want to use something like Bitcoin.”
“Bitcoin will reach a $100 trillion market value – a 100x increase from its current market cap.”
Michael Saylor is a billionaire entrepeneur and enterprise govt, buying Bitcoin closely in the course of the 2021 bull run by way of the corporate he based, Microstrategy. Unlike Mark Cuban he’s a Bitcoin maximalist, an investor that doesn’t diversify into proudly owning different altcoins and tokens.
“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.”
“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.”
“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.”
Mike Novogratz is the CEO of Galaxy Digital, and former hedge fund supervisor. A billionaire earlier than the 2008 disaster, he recovered his fortune by buying cryptocurrency.
Tyler & Cameron Winklevoss
“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.”
“Bitcoin is a hold or a buy opportunity if you don’t have any, because we think there’s a 25x from here.”
“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.
“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.”
The Winklevoss twins are credited by some as being the rightful homeowners of Facebook, famously attempting to sue Mark Zuckerberg. They moved into the cryptocurrency markets and grew to become billionaires buying Bitcoin as an alternative.
Paul Tudor Jones
“Buying Bitcoin is like investing with Steve Jobs and Apple or investing in Google early.”
“Bitcoin has a lot of characteristics of being an early investor in a tech company. I think we are in the first inning of Bitcoin. It’s got a long way to go.”
Paul Tudor Jones is a philanthropist, hedge fund supervisor and billionaire, founding father of the Robin Hood basis.
“Bitcoin will reach $250,000 by the end of 2022 or early 2023. I think I’m going to be right on this one.”
“Bitcoin is sort of like Microsoft in the software world or Amazon in the e-commerce world.”
“I think Bitcoin continues up because there are only 21 million of them. By virtue of its code, only 21 million bitcoin can be mined. Give it about a year and a half and retailers will all accept Bitcoin.”
Tim Draper is a Silicon Valley billionaire entrepeneur, enterprise capital investor and graduate of Stanford and Harvard Business School.
“It’s been around for 13 years and with each passing day it picks up more of its stabilization as a brand. Bitcoin could be an asset class that has a lot of attraction as a store of value.”
“If the Gold bet works the Bitcoin bet will probably work better because it’s thinner, more illiquid and has a lot more beta to it. I’ve warmed up to Bitcoin.”
Stanley Drunkenmiller is the previous chairman and president of Duquesne Capital, an organization with belongings valued at over $12 billion.
“I think the risks of bitcoin going to zero are much, much lower than they’ve ever been before. It has been very volatile, but I think right now its staying power gets better every day.”
“I think every major bank, every major investment bank, every major high net-worth firm is going to eventually have some exposure to Bitcoin or what’s like it, which is Gold or some kind of commodities.”
“I strongly recommend Bitcoin. It’s the single best performing asset class in the last year, five-year and 10-year periods.”
“Bitcoin’s a lot less risky at $43,000 than it was at $300, because it’s now established. There’s been huge amounts of venture capital money that’s gone into it. All the big banks are getting involved with it. I’m willing to over the waterfall with this one.”
“There are protocols that are theoretically superior to Ethereum, such as Solana. Will they overtake it? I have no idea, but it’s a complex area, and that’s why I tend to stay with Michael Saylor and some of these other people. I own Ethereum, but a trivial amount relative to what I own in Bitcoin.”
Bill Miller is a legendary Wall Street worth investor and hedge fund supervisor.
“What inspires me the most about Bitcoin is the community driving it. It reminds me of the early internet.”
“My hope is that creates or helps create world peace. It’s going to be long-term, but my hope is definitely peace.”
“Bitcoin changes absolutely everything. I don’t think there is anything more important in my lifetime to work on.”
Jack Dorsey grew to become a billionaire when he co-founded social media platform Twitter, led his different firm Square into the world of DeFi, and began a $23.6 million Bitcoin fund with rapper Jay Z.
The elusive billionaire George Soros hasn’t made many public statements on buying Bitcoin but, maybe as he as soon as referred to as Bitcoin a ‘bubble’ – like many nonetheless he now seems to have modified his thoughts.
The CEO and chief funding officer of Soros Fund Management, Dawn Fitzpatrick confirmed in 2021 that the household workplace now owns ‘some coins, but not a lot.’
“I’m not sure Bitcoin is only viewed as an inflation hedge here. I think it’s crossed the chasm to mainstream.”
Billionaires Buying Bitcoin – Who’s Left Heading into 2022
One of the one well-known billionaire names left in finance nonetheless essential of Bitcoin is JPMorgan CEO Jamie Dimon. Although JPMorgan Chase did ultimately turn out to be the primary financial institution to give retail shoppers entry to buying Bitcoin.
The most vocal detractor of Bitcoin, who has by no means given any floor, is stockbroker and monetary commentator Peter Schiff. Perhaps fittingly he is removed from a billionaire but, with a web value of $70 million.
Goldman Sachs has additionally reversed course on crypto and expanded into Bitcoin buying and selling. The narrative of institutional buyers buying Bitcoin and digital belongings has seen the cryptocurrency market cap as soon as once more attain $1 trillion.
Will extra information of establishments and billionaires buying Bitcoin push the price to six figures per coin? That stays to be seen in This autumn 2021, 2022 and past (there are rumours of a Bitcoin ETF being authorised quickly).
If it does, it’s going to additionally drag up the greenback and USDT price of all altcoins with it, whether or not Ethereum, Dogecoin or Shiba Inu, even when the latter two are extra speculative and based mostly on memes. You should buy BTC, ETH, DOGE and SHIB on regulated change eToro and experience the bullish development.
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