Bitcoin and Ethereum bought a billionaire Barry Sternlicht on inflation protection
Bitcoin and Ethereum bought a billionaire Barry Sternlicht on inflation protection
Although he said that it was "insanely volatile", the American billionaire Barry Sternlicht admitted to having personally invested in Bitcoin. Apart from that, he also holds some stocks of the second largest digital financial value - ether.
Why does he have crypto?
Barry Sternlicht - co -founder of the investment fund Starwood Capital Group - recently commented in a Interview With CNBC, Bitcoin is a financial instrument that can help against the impression of Fiat currencies. In contrast to traditional currencies issued by the government, the digital asset has a previously set maximum offer of 21 million, which prompted the star light to buy some:
"The reason why I have Bitcoin is that the US government and every government in the western hemisphere is now printing money until the end of time. And that is a limited amount of something and can be acted globally."
Nevertheless, the 60-year-old billionaire does not seem to be a BTC maximist and argues that the only real purpose of the leading digital asset is the value storage.
star light seems to support ether and describes it as a "programmable Bitcoin" with more applications than its rival.
"I also have some of them," he revealed.
Then the co-founder of the Starwood Capital Group said that he was very interested in the "blockchain technology as a whole", which had the potential to change the entire financial network.
other prominent Hodler
The list of remarkable names that have distributed part of their assets on the cryptocurrency market ranges from politicians to investors to celebrities. One of the best -known names from the traditional financial industry, which began to buy BTC with this idea to protect itself against increasing inflation, was Paul Tudor Jones III . For this, the billion -dollar investor has made several assignments.
In June, Republican Senator Cynthia Lummis announced that she had five BTC, which she bought in 2013 when the USD value was $ 300 each. Last week she with a value of $ 50,001 to $ 100,000 of the digital asset.
The billion dollar investor and owner of the Dallas Mavericks - Mark Cuban - is the next in the row. Since he is an enthusiastic supporter of Bitcoin, he is called that 60% of its cryptocurrency investments are hidden in it. 30% are in ETH, while the remaining 10% are assigned to other old coins such as Dogecoin.
The most famous person on this list is Teslas CEO - Elon Musk. Despite his controversial attitude to Bitcoin, in particular its energy consumption, the entrepreneur er confirmed has part of it next to Ethereum and Dogecoin.
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