Bitcoin
Barry Sternlicht, a billionaire, owns Bitcoin because governments are ‘printing money now to the end of time’
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The billionaire CEO of Starwood Capital, an investment firm with over $95 billion under management, has revealed that he owns bitcoin and ether. He explained that the U.S. government and all governments in the Western Hemisphere are printing money now until the end of the world. This is a finite amount and can be traded worldwide.
Billionaire Barry Sternlicht Owns Bitcoin and Ether
Barry Sternlicht, chairman and CEO of Starwood Capital Group, an investment firm with over $95 billion in assets under management (AUM), talked about bitcoin and cryptocurrency in an interview with CNBC Wednesday. According to Forbes’ list of billionaires, Sternlicht’s net worth as of Oct. 14 is $4.4 billion.
Starwood Capital boss said he has bitcoin and ether. He noted that cryptocurrency is a good way to diversify investment portfolios.
Commenting on what JPMorgan CEO Jamie Dimon said about bitcoin being worthless, he said, “Gold is kind of worthless too.” Discussing bitcoin as a store of value, he shared:
The reason I own bitcoin is because the U.S. government, and every government in the Western Hemisphere, is printing money now to the end of time, and this is a finite amount of something and it can be traded globally.
Despite owning BTC, the billionaire CEO described: “Bitcoin is a dumb coin. He explained why ether was important to him. “So, ether… I have some of that. It’s a programmable bitcoin, and there are many other coins built on this system .”
Sternlicht also stated that he is now “very interested in blockchain technology in general.” He believes that “we’re probably in the inning one .”
What do you think about billionaire Barry Sternlicht’s comments about bitcoin and cryptocurrency? Comment below.
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