Here’s What Industry Insiders Say About Cryptocurrency
Sometimes, insiders of the industry in the field of cryptocurrency talk daily about their forecasts regarding the future value of multiple assets. Are there any truths to what they are declaring? Indeed, there is. Many of these people are well-connected in the cryptocurrency market. These people can business Tips offer useful tips and tricks to traders of all levels. For the average trader, this may be a challenge because they may not know which insiders to trust.
Comparing sports betting with cryptocurrency is not always an accurate comparison. Both have an element that is unpredictable. Therefore, even the most connected industry insiders in both industries will tend to miss on some predictions from time to time. Talking about current predictions on the direction in which prices for any cryptocurrency will go would make it hard for this article to age well. What we will certainly examine are three distinct perspectives from famous billionaires, and their connections to crypto. These are authentic quotes from billionaires who talk regarding decentralized exchange technology. These are not fake quotes you can find on equally dangerous crypto websites.
Bill Gates on Cryptocurrency Gates has been one of the billionaires who have had a love-hate relationship with cryptocurrencies. He said in his latest interview that he doesn’t own Bitcoin right now. Bill states that he uses cryptocurrency when it suits his needs. Maybe he’s not into the volatility of certain cryptocurrency. Because he’s risk-averse. That’s not to say that there isn’t a belief in the value of an automated market maker , for example. He recently mentioned,
“I do believe in converting money into a more digital format, and thus bringing transactions cheaper, that’s something that the Gates Foundation does in developing countries,”
Elon Musk on Cryptocurrency
Elon Musk is among the crypto-friendly billionaires there. Musk was among the founding members of DogeCoin. He said that one of the main reasons for his involvement in that particular crypto was the irony behind it. It was a currency built to mimic cryptos. The crypto-verse have launched it on the moon. He did mention that cryptocurrencies aren’t something he suggests.
The best thing about irony is that it is to happen in this world. What is the outcome you would choose? The currency that was business advice initially an absurd joke, turns out to be the actual currency. “To the moon!”
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Warren Buffett Is Having a Change of Heart
If there was a major cryptocurrency amongst the elites it’s Warren Buffett. The man who once declared cryptocurrencies to be rat poison, made a fortune investing around one billion dollars in a crypto bank. In this instance the actions speak louder than words.
It is clear that many top-level players have realized the full potential of cryptocurrency. Is that to say that you should jump in blindly without knowing what you’re doing? It’s not the case. But, it has been repeatedly proven that crypto-space can provide tangible benefits to those who can profit from.
