Quotes about Bitcoin
We have elected to put our money and faith in a mathematical framework that is free of politics and human error. . .
We see Bitcoin as potentially the greatest social network of all.
– Tyler Winklevoss (Co-inventor of Facebook)
I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world.
– Peter Thiel (Co-Founder of PayPal)
I think the fact that within the Bitcoin universe, an algorithm replaces the functions of [the government] … is actually pretty cool.
I am a big fan of Bitcoin.
– Al Gore (45th Vice President of the United States)
Virgin Galactic is a bold entrepreneurial technology.
It’s driving a revolution, and Bitcoin is doing just the same when it comes to inventing a new currency.
– Sir Richard Branson, Founder of Virgin group of companies
At its core, Bitcoin is a smart currency designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of
credit card fees, currency exchange fees, money transfer fees,
and reduces the need for lawyers in transitions
. . . all good things.
– Peter Diamandis, Investor, Founder of the X Prize Foundation
What Will Bitcoin Be Worth in 2030?
Predictions for the future value of bitcoin vary based on who makes the estimate. According to Jeremy Liew, a partner at Lightspeed Venture Partners, bitcoin could reach $500,000 per coin in 2030.
According to the June 2020 Crypto Research Report,
the cryptocurrency could go over $397,000 by 2030.
MicroStrategy CEO Michael Saylor filled his company’s treasury with Bitcoin as a bet against devaluation of the dollar.
The move made him a billionaire . . .
Up 300% in 2020, Bitcoin is suddenly getting respect . . . PayPal, Square, and the 48 other big companies on Forbes third annual blockchain 50 are outpacing their competition
using Bitcoin and the underlying blockchain . . .
(Square) moved some $50 million of its cash into Bitcoin in October.
—Forbes, Feb. 2, 2021
Bitcoin to Come to America’s Oldest Bank. BNY Mellon.
Bank of New York Mellon Corp., the nation’s oldest bank, is making the leap into the market for bitcoin, a sign of broader acceptance of the once-fringe digital currency.
The custody bank said Thursday it will hold, transfer and issue bitcoin and other cryptocurrencies.
‘Digital assets are becoming part of the mainstream,’ said Roman Regelman, Chief executive of BNY Mellon’s asset-servicing and digital businesses.
—Wall Street Journal, Feb. 10, 2021
The forces that have held the current fiat system together now look fragile, and they could unravel in the 2020s. If so, that will start to lead to a backlash against fiat money, and demand for alternative currencies, such as gold or crypto, could soar.
—Jim Reid, Global Head of Fundamental Credit, Strategy and Thematic Research at Deutsche Bank, 21St largest bank in the world
Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments.
– Leon Louw, two-time Nobel Peace Prize nominee
For 2021, my prediction is we’re closing the year above $77,000. But the range is going to be anywhere from the low 20’s to as high as $160,000. You have to kind of decide, how much money am I going to allocate to this asset class in 2021. Can I divide it into 12 installments? And can I deploy it in a way that gives me an average entry point where at the end of the year, if Alex is right at $77,000, my average is going to be lower than that. You don’t want to be buying at $160,000 and FOMOing in, then ending the year at a lower number.
—Alex Mashinsky, CEO of Celsius, he accurately predicted the 2020 Bitcoin closing price