Cryptocurrencies have good potential to become something great in the future. But people have mixed reactions towards them. That is because many people accept them, and many don’t consider crypto a real deal. Let’s see what influential billionaires think about cryptocurrencies.
Cameron and Tyler Winklevoss, Olympic Rowers and Co-Founder, ConnectU
These twin brothers think cryptocurrencies are way more portable and better than gold, and they conder crypto as gold 2.0. They stated that gold is scarce; on the other hand, cryptos are portable and fixed. They invested in Bitcoin in 2013 for around $11 million, and they became billionaires last year. They advise people to invest in cryptos because it can be more profitable if people know how and when to invest in cryptos.
Eric Schmidt, Executive Chairman, Google
This google executive chairman also thinks that crypto is the new face of the future currencies. At the same time, last year, he Twitted that Bitcoin is going beyond $10,000 per coin, and that is just extraordinary. However, he claims that Bitcoin is the greatest achievement in the digital world because it can’t be duplicated in any form, and it can be used without any centralization and alteration.
Mark Cuban, Owner, Dallas Mavericks.
This American billionaire businessman calls Bitcoin and bubble, and he has shown the internet in Bitcoin since then. However, he thinks cryptos are a good investment, a risky but good investment. And he advises that it’s ok to invest 10% of your savings in high-risk investments like Bitcoin and Ethereum. That is because that amount won’t bother you that much, but if the market goes up, then you will be very profitable from that.
Mark Zuckerberg, Co-Founder, Facebook
Mark Zuckerberg is a well-known personality, and the man is the owner of Meta, a corporation that owns Facebook, WhatsApp, Messenger, and many platforms. However, Mark was keen to invest in the cryptos. But he banned all sorts of advertisements and promotions of crypto from Facebook. In his defence, he said the act of banning ads and promotions of cryptos is to avoid misleading ads.
Uday Kotak, MD, Kotak Mahindra Bank
Uday Kotak, the Managing Director of Kotak Mahindra bank, has some different views about cryptocurrencies. He is a firm believer in the traditional banking system. He started with a few lines about cryptocracies and said that he believes in only one cryptocurrency that works in the real world, and that is gold only. No other cryptocurrency has gained the trust of people that much. And if the cryptocurrencies are failed to gain the trust of people that gold did, then it would be extremely difficult for authorities to allow any new cryptocurrency.
Peter Thiel, Co-Founder, PayPal
The co-founder of PayPal invested in Bitcoin earlier this year. And this billionaire businessman thinks that Bitcoin has the potential to become digital gold. He claims that people are underestimating bitcoin, which can be digital gold in a few years, and Bitcoin has a lot more potential than we can imagine.