Cryptocurrencies have witnessed a wide range of naysayers and that is not new to it as it has been subjected to some serious allegations in the past. Bitcoin Era will take you through five eminent personalities who went through some serious change of mind regarding the emergence of safe Cryptocurrency.
Here is the list:
#1 Warren Buffett
The CEO of “Berkshire Hathaway” used to be quite vocal about the unpredictability & volatility that cryptocurrency is usually known for. He displayed his distrust about the crypto industry and never held back to let his personal views known about the emerging & disruptive digital assets. He even called the entire digital asset ecosystem a “Rat-Poison-Squared” which does not possess any substantial unique value to offer.
Warren even predicted that crypto will meet its end very soon and it’s not going to be an easy one. However, he had to eat a humble pie when he decided to invest a colossal amount of wealth which is being estimated to be around $1 billion. Warren has displayed that he is currently in a conflict of thoughts about the entire crypto scenario.
#2 Jamie Dimon
The CEO of one of the predominant banks, “J.P. Morgan Chase” in the world, Mr. Jamie Dimon used to be highly skeptical of the rising frenzy of cryptocurrencies. He even called the trailblazer Bitcoin a “Fraud’ which tumbled the prices of Bitcoin significantly up to 20% in the financial year 2018.
Jamie was also subjected to the allegations of market manipulation soon after he released such a bold statement about the unprecedented rise of cryptocurrency. Even today, he holds firm his personal opinion about the unpredictable cryptocurrency, however, his bank doesn’t seem to think alike. The bank is actively participating in cryptocurrencies and massive investments are already being made into it.
#3 Mark Cuban
Having found unprecedented fame from a worldwide sensation (Shark Tank), Mark is one of the very billionaires who hold a not-so-good opinion about cryptocurrencies. The level of scepticism that he holds is a clear indicator of the fact that he has distinctive opinions about the unfazed prevalence of such digital assets. He opines that the mechanics on which the entire apparatus of cryptocurrency is based on are quite intricate and complicated.
Calling it not so easy avenue to make sense out of, Mark faced significant difficulties in understanding the fundamentals on which cryptocurrencies operate. He relayed his opinion that Bitcoin is incredibly easy to hack and losses will be incurred in just a snap which will be too detrimental to recover from.
#4 Carl Icahn
One of the most influential billionaire financiers, Carl is yet another opponent of the dynamics of cryptocurrency. He even said in an interview back in 2018 that it is utterly “Ridiculous” to rely on such volatile assets. However, he soon had to give it all second thought and realized that he needs to put forth more effort in understanding how such digital assets actually operate.
Carl is quite vocal about the risk that is quite inextricable in the crypto industry and tries to steer clear of the dangers that keep lurking in this domain. He won’t be investing his time or money into cryptocurrency anytime soon as it seems but still has a soft spot for them. It seems all is not lost as he made a fresh investment of $1.5 billion worth of investment in cryptocurrency in the year 2021.
#5 Howard marks
Just like any other fad, the crypto fad is also bound to be on the wane once people start realizing that crypto is fraught with danger at each step. His statement was being circulated profusely online way back in 2017 when he shunned the rise of cryptocurrency with some derogatory comments.
The information that works in the crypto industry is not reliable and there is always a sense of bleak threat that pervades the entire digital finance scenario ever since the advent of crypto. However, he soon came to grips with the reality and started researching the trends himself which enabled him to view the unprecedented potential that the crypto industry carries.
