Cryptocurrency continues to divide the financial world like some other subjects. Even among the respected money experts, opinion is from enthusiastic support to fulfilling dismissal.
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Partition is not just about investment strategy. This reflects fundamental disagreements about the future of wealth, technology and financial systems. Some experts see Crypto as revolutionary technology that will reopen the finance. Others see it as speculative gambling which endanger traditional money-making principles.
Here is how six major financial experts are based on crypto debate.
Crypto enthusiastic
All three are certainly on Crypto’s supporting side.
Kevin O’Lei
“Shark Tank” has become one of the most vocal celebrity supporters of Star Crypto. O’Lei initially called bitcoin as “garbage”, but completely changed its tune after deep research in technology.
In fact, they have allocated about 20% of their portfolio to Crypto. O’Lary often discusses crypto investments on CNBC and has partnered with FTX (before its fall) and other crypto platforms. He argues that institutional adoption validate the cryptocurrency as a valid asset class.
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Anthony Pampino
“Pompe” has built its entire brand around bitcoin advocacy. Morgan Stanley analyzer-turn-Crypto entrepreneur argues that bitcoin represents the future of money and value store.
Pomplyiano has often stated on its podcast and social media that bitcoin is the best performing property. They believe that bitcoin will eventually turn gold into a primary store of value and recommend allotment of important portfolio for cryptocurrency.
Michael Siler
The CEO of Micostrati bought its entire company to a bitcoin proxy by purchasing more than 190,000 bitcoins for corporate treasury. Saylor has become Crypto’s most prominent corporate agelist.
Saylor has argued in interviews and presentations that bitcoin is “digital property”. He considers bitcoin better than real estate, gold and bonds, especially for corporations looking to preserve capital.
Saylor regularly speaks at bitcoin conferences and maintains an active social media appearance promoting bitcoin between individuals and institutions.
Crypto critic
These three feel a bit different than those we discussed.
Warren Buffett
The CEO of Berkshire Hathaway never forgiven his crypto skepticism. Buffett called the famous bitcoin as a “mouse poison square” and continuously argued that Cryptocurrency does not produce anything value.
“I am not the owner of any cryptocurrency and I will never,” Buffett said at Berkshire’s annual shareholder meeting in 2020. They argue that Crypto has a lack of productive capacity of businesses or real estate, which is purely betting.
While Warren Buffet remains a vocal critic of Bitcoin, his company’s investment activity tells a more fine story. Berkshire Hathaway has taken indirect risk for crypto space through bets in companies such as NU Holdings, which provides crypto-related services, and Jefferies Financial Group, which has been significantly invested in the world’s largest spot Bitcoin Fund IDSErs Bitcoin Trust ETF.
Charlie Munger
His crypto criticism was even more blunt than Berkshire’s late Vice Chairman Buffett. Munger had some harsh words for Crypto.
Munger said at various investment conferences, “I think the development of the entire drawn is disgusting and contrary to the interests of civilization.”
Munger believed that cryptocurrency represents everything wrong with modern speculation and is called for government restrictions on digital assets.
Jamie Dimon
JP Morgan Chase CEO has been one of Crypto’s most prominent banking critics, calling bitcoins “fraud” and predicting government cracks on digital assets.
“Bitcoin is a fraud that will eventually fly,” Dimon said in 2017, although he has softened his language a bit in recent years. He argues that cryptocurrency provides slightly valid objective beyond speculation and criminal activity.
Interestingly, JP Morgan has developed its blockchain technology for internal use, while Dimon suspects public cryptocurrency such as bitcoin.
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This article originally appeared on Gobankingrates.com: 3 money experts who love Crypto – and 3 that hate it
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