Part 4 of our rerun of some selected articles that Decentralized.Today has carried over the course of the last 12 months.......some selected on the basis of their popularity, some on their enormity or import of their message, some simply because we enjoyed them......today, we feature an article from a regular conttributor, Devashish, with a piece he wrote for DT back in September on sentiment towards bitcoins and cryptos among politicians and business people. Enjoy!
There are more than 7.3 billion people on this planet with trillions of opinions in their mind. Some of them are rational, while some are just simply irrational. The world, in the last 20 years has changed much rapidly than it did in the last century, especially on the technology front. Bitcoin a.k.a the biggest cryptocurrency in terms of price, volume and popularity is one such entity in the chaos of change that has managed to grab a lot of eyeballs and yes, opinions as well. As the heat in the cryptocurrency market is now building for yet another bull season, we thought to share some of the expert's opinion on what they have to say on Bitcoin/Cryptocurrency which we believe, will be driving the bull run this season. So, here is a list of people who had sweet and bitter opinions on cryptocurrencies.
And hey, if they beg to differ from your opinion, it's a democratic world. Freedom of expression isn't just written on books, it's practiced too.
I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....— Donald J. Trump (@realDonaldTrump) July 12, 2019
Well, seems like the supreme leader of the biggest economy of the world has a different say on Bitcoin and many other cryptocurrencies.
When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong. pic.twitter.com/WVx3E71nyD— John McAfee (@officialmcafee) November 29, 2017
This tweet is from the year 2017, which can be considered as a bit old. However, in his recent interview, this is what he had to say.
"Bitcoin is at the mid 10's and people worry. LMFAO!! Why do you pay attention to weekly fluctuations? Look at the past few months FFS! It's rising drastically. I'm still positive about my $1 mil BTC price by the end of 2020. Alt coins like MTC and Apollo will rise ten times more."
Seems like he is still pretty confident on his bets on Bitcoin.
The video is 16.50 Minutes long. However Bill Gates shows his full support for the Bitcoin and other cryptocurrencies from the word 'GO'. He went on the record to say that, "Bitcoin is better than currency in that you don't have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient. Bitcoin is exciting because it shows how cheap it can be."
The video clearly shows his positive approach towards cryptocurrency. He even said, "Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value".
Warren Buffett, the man known for his brilliant investment plans and ethics has been very skeptical on the future of Bitcoin. He even went on to say that Bitcoin is "probably rat poison squared". So the scores are 2-3. 2 against Bitcoin and 3 in favor of Bitcoin.
India is a country of 1.3 Billion people that holds big potential for the growth of Bitcoin. It is also Asia's fastest-growing economy. And when the late Finance Minister of that country goes on record to declare Bitcoin as invalid and not a legal tender, the Government of India's view on Bitcoin becomes pretty straight forward. They don't support it.
So the scores are now 3-3.
3 for Bitcoin and 3 against Bitcoin.
Well, the scores can go on and on. The tussle can oscillate on either side. What really matters is how much risk you want to take as an investor. Few governments are dead against Bitcoin like America and India and then on the other side, we have Governments like Japan and South Korea who are considering it as next-gen innovation. The same difference in opinion is amongst tech innovators, stock market investors and everyone. But it is only time that will tell us who's opinion stood its ground. Till then, happy trading.