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What do Jeff Bezos, Bills Gates, Mark Zuckerberg and Warren Buffett think of crypto and blockchain?

Tue, 03 Mar 2020, 00:24 am UTC

The richest men in the world have different perspectives on blockchain and crypto.

Cointelegraph compiled the different remarks that the richest men in the world said about blockchain and cryptocurrency. Many of them are favorable with blockchain but not with cryptocurrency.

Jeff Bezos

Jeff Bezos is the richest man in the world today with a net worth of $130 billion. There are rumors that the Amazon founder has invested in Bitcoin. However, he never confirmed it. Also, Amazon denied any plans to accept Bitcoin or any other cryptocurrency on its platform.

But Amazon uses blockchain technology. Just recently, BTP announced that it is bringing smart contracts to Amazon with Sextant for DAML integration. Amazon Quantum Ledger Database (Amazon QLDB) is the third platform commercially supported by Sextant for DAML.

Bill Gates

In 2014, the Microsoft founder showed enthusiasm about bitcoin even telling Bloomberg that it was better than any cryptocurrency. However, his position eventually changed noting that the anonymity of digital currencies isn’t good for transactions.

“Bitcoin and ICOs, I believe completely [they’re some] of the crazier, speculative things,” Gates said. However, he added that the blockchain technology had its merits.

Mark Zuckerberg

The Facebook founder has a positive view of blockchain and cryptocurrency. In fact, Facebook is launching its own cryptocurrency called “Libra.” The cryptocurrency is considered a threat by many as it may compromise the world’s fiat currencies.

Zuckerberg has a positive stand about blockchain technology, too. “The technology powering Bitcoin could help improve Facebook in the future,” Zuckerberg said in 2018.

Warren Buffett

Berkshire Hathaway CEO and Chairman Warren Buffett is not into cryptocurrencies as well. In fact, in a recent interview with CNBC’s Becky Quick, he said that “cryptocurrencies basically have no value and they don’t produce anything.” He also said that he doesn’t have any cryptocurrency and has no plans to invest in it.

Meanwhile, according to Justin Sun, founder of cryptocurrency TRON and CEO of file-sharing firm BitTorrent, Buffett was convinced of the potential of blockchain. Many of Buffett’s portfolio were exploring it, but he felt that bitcoin needed a lot of work to capture the value of blockchain.

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