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The chairman of Starwood Capital Cluster and the rich, Barry Sternlicht, shared his reading on how Bitcoin has grown to a value of $1,000,000 per coin. He called cryptocurrency a “smart” closed world, no matter where the government is. Just continue to print money.
Billionaire Barry Sternlicht believes Bitcoin may rise to $1 million per coin
On Friday, Starwood Capital Cluster Chairman and billionaire Barry Sternlicht (Barry Sternlicht) spoke at a Bloomberg event in Miami about the long-term prospects of cryptocurrencies, especially Bitcoin.
Sternlicht operates the Starwood Capital Cluster, a non-public equity company focused on real estate investment. The company’s management scale in real estate, debt and energy assets is approximately US$100 billion. Synchronizing with Forbes’ list of billionaires, his current Internet value is $4.2 billion.
Noting that he has referred to his Bitcoin position as a “great hedge”, the rich were asked, “But do we tend to think that everyone should think?” Sternlicht replied firmly: “Yes of.”
He explained that we tend to “live in a world where the government exists. Just printing money, printing money, printing money, printing money, does not seem to have any consequences.” Noting that “sometimes, this may end”, the rich emphasized Say:
“The only factor they can’t create a lot is Bitcoin.”
He warned: “There is no other business other than a valuable store, so contact investment in Bitcoin. I think that since your paper is boring, I think this might be a wise move in your life.”
The billionaire subsequently revealed that 2% to 3% of his Internet value is cryptocurrency. Regarding crypto investment, he said: “If it becomes zero, it won’t hurt me or you.” However, he emphasized:
But if it reaches $1 million a coin, you will start thinking about TV and find it very frustrating.
More and more billionaires are measuring the abuse of Bitcoin to hedge against inflation.
The well-known hedge fund manager Paul Tudor Jones stated in October that he prefers Bitcoin to gold. City Bravo, one of the co-founders of personal equity firm Thoma Bravo, said in September that he is very optimistic about Bitcoin and expects Bitcoin to expand “significantly”.
Last week, the rich Mexican man David Ricardo Salinas Pliego stated that the United States “wants many, many similar alternative unreliable combinations of countries”. Salinas tweeted a weekly chart of the full value of the Fed’s assets (the offset subtracted from the integration) and commented: “Wow…Look at the scale of fake cash creation. Get bitcoin immediately.”
Post Billionaire Barry Sternlicht discusses Bitcoin value rising to 1 million US dollars-calling BTC a “smart” hedge First appeared in Bitcoin wire.
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