How 8 billionaires think about Bitcoin, from Elon Musk to Mark Cuban

  • Cryptocurrency Bitcoin is on the rise again, with massive gains recently. After rising 300% in 2020, the digital currency set a new record on January 2 when its price exceeded $ 30,000.
  • While it has convinced some skeptics, other prominent investors and financial veterans are still not being sold by the volatile cryptocurrency.
  • The Winklevoss twins are among their fans: They were the first Bitcoin billionaires and became Bitcoin billionaires again in 2020 thanks to the rise in prices.
  • Titans Mark Cuban and Warren Buffett, however, are more dubious about Bitcoin’s worth.
  • You can find more stories on the Business Insider homepage.

Bitcoin is again dominating financial discourse and making headlines as it makes huge profits.

Cryptocurrency first went mainstream in 2017 – and garnered both attention and huge profits – it (and other cryptocurrencies) collapsed just as quickly over the next year.

But Bitcoin has always had an elusive appeal. Its creator, known as “Satoshi Nakamoto”, is still a mystery. Celebrities from Gwyneth Paltro to Snoop Dogg got on the cryptocurrency train.

And now, with Bitcoin’s recent rally of 300% growth in 2020 and some experts predicting an even more successful year in 2021, some skeptics are changing their minds.

Millennials are stepping in, and some investors see it as a powerful alternative that isn’t feeling the effects of pandemic inflation.

While the cryptocurrency is still volatile, it has a lot of strong ultrawealthy fans. But it has also attracted critics and doubters.

This is how 8 billionaires think of Bitcoin.

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