TOP Famous People Who Don't Like Bitcoin

Bitcoin together with other cryptocurrencies are really making a revolution in the finance industry of the 21st century. And it's been only several recent years, when the popularity and capitalization of virtual money rapidly increased. Anyway, the potential of the blockchain technology and the coins is not only about making fast and private peer-to-peer transactions, so it can thus be claimed that it's only the beginning. However, it's difficult to say how it will end, or rather how it will be going on. There are plenty of positive predictions, as well as strong warnings. Today The Coin Shark will tell you about some famous people who would never recommend purchasing digital coins. 1. Warren Buffett The largest investor and one of the wealthiest men on Earth, 87-year-old Warren Buffett is known to be among crypto's strongest opponents. Although the entrepreneur recognizes convenience of virtual assets, he has many times warned that making investments in them is not worthy and secure.   2. Bill Gates Microsoft Corporation co-founder William Henry Gates back in 2014 at the conference in Boston claimed that Bitcoin “is better than currencies”. However, in 2018 during “Ask Me Anything” session in social network Reddit, the entrepreneur criticized anonymity of virtual currencies. He said they were often used for money laundering, terrorist funding and tax evasion. Besides, Bill also mentioned that people purchase drugs with cryptocurrencies, so these technologies “caused deaths in a fairly direct way”. 3. Jamie Dimon A chairman and CEO of an American multinational investment bank and financial services holding company JPMorgan Chase Jamie Dimon reached the point where he said he would fire his employees for “breaching company's rules and being stupid”, if he found out they were investing in Bitcoin, Bloomberg reports. He also called  the cryptocurrency “fraud” and Bitcoin rate decreased by almost 3% after that. 4. Paul Krugman 2008 Nobel Prize in economics winner Paul Krugman claims Bitcoin is a bubble. He believes the rate of the cryptocurrency increases simply because nobody knows what is it about, but many are interested and caught by this new advanced technology. Talking to Business Insider, Paul noted that the value of Bitcoin is actually unclear and its future is not going to be successful, which is “even more than just obvious”.   5. Mohamed Ali El-Erian Chief economic adviser at german Allianz, one of the largest insurance companies in the world, told CNBC that blockchain is a “disruptive technology” that, however, should be priced at a half or a third of its current value. He also mentioned that Bitcoin is likely to blow up. Subscribe to The Coin Shark news in Telegram: