Bitcoin increase to a billionaire Barry Sternlicht is discussed to $ 1 million-BTC calls an intelligent protection-markets and prizes
Bitcoin increase to a billionaire Barry Sternlicht is discussed to $ 1 million-BTC calls an intelligent protection-markets and prizes
US-Dollar-–.jpg" class="story__img article__poster" alt="Milliardär Barry Sternlicht has crypto over $ 1 billion-sees Bitcoin as a smart hedge "Loading =" Lazy ">
The chairman of the Starwood Capital Group, billionaire Barry Sternlicht, shared his views about how Bitcoin could grow to one million dollars. He calls cryptocurrency an "intelligent" protection in a world in which the government simply continues to print money.
billionaire Barry Sternlicht believes that Bitcoin could rise to $ 1 million per coin
The billionaire Barry Sternlicht, chairman of the Starwood Capital Group, spoke on Friday at a Bloomberg event in Miami about the future prospects for cryptocurrencies, especially Bitcoin.
The Starwood Capital Group, a private equity company specializing in real estate investments, is headed by the Starwood Capital Group. The company manages around $ 100 billion in real estate, debt and energy systems. According to the Forbes billionaire list, its net assets are currently $ 4.2 billion.The billionaire found that he described his Bitcoin position as "great security" and was asked: "Should we all think that way?" Sternlicht replied: "Yes."
He explained that we “live in a world in which the government only prints money and prints money and prints money and prints money and does not seem to have any consequences.” "Sometimes that will end," emphasized the billionaire:
The only thing you can no longer do is Bitcoin.
he added that Bitcoin was "never hacked", noticed that "there is no real value, except that there are 21 million coins" that are "infinitely divisible".
In comparison, he pointed out that gold really didn't value much "and added:" You can have your gold jewelry, but it could be silver or titanium or platinum. "
Sternlicht said: "You could see how the world said to the USA, especially with our political isolationism, you would say China would try to get us from the dollar standard, and you will have many countries that join them."
The Feitwood Capital manager emphasized: "You will really make an effort. It is very obvious. You will really try to break through the dollar standard. If that happens and the dollar devalues, you need something that can hold its value."
While he admitted that Bitcoin "will go down with the stock market", he emphasized that in his opinion, "it will turn back" and stated:
It would go to $ 1 million coin. It could do that because everyone, it is not US investors who will look at the whole world on a thing that they can no longer do, and that would be Bitcoin.
"There is no other function than a value storage, so a small investment in Bitcoin could be a clever little protection in your life, since your paper will unfortunately be worthless," he warned.
The billionaire then announced that he had about 2% to 3% of its net assets in cryptocurrencies. With regard to crypto investments, he said: "If it goes to zero, it won't hurt me either, it won't hurt you." However, he emphasized:
But if it goes to $ 1 million, you will look at the television and get very upset.
A growing number of billionaires uses Bitcoin against inflation.
Berühmter Hedfonds-Manager Paul tudor jones said in October that in October he prefers to Bitcoin to gold. Orlando bravo , the billionaire, the private equity Bravo co -founded, said in September that he was very optimistic about Bitcoin and expect it to "get" clearly ".
Last week, Mexican billionaire ricardo salinas Pliego said the USA "looking more and more like any other irresponsible third world country". Salinas tweeted a weekly diagram of the total value of the assets of the Federal Reserve (minus the elimination from the consolidation) and commented: "Wow ... look at the extent of the counterfeiting. Buy now Bitcoin."
Do you agree to Barry Sternlicht regarding Bitcoin? Let us know in the comment area below.
Bedy verification : Shutterstock, Pixabay, Wiki Commons