From fierce skeptics to passionate evangelists, the crypto conversation among billionaires is polarizing — and packed with insight,
Warren Buffett famously called cryptocurrency "zero value" because it doesn’t produce anything:
“Cryptocurrencies basically have no value and they don’t produce anything … In terms of value: zero. I don’t have any cryptocurrency and I never will.”
He also described it as "a gambling token" and compared crypto markets to roulette for those chasing easy riches. Cointelegraph+1The Crypto Times+1Charlie Munger, Buffett’s longtime partner at Berkshire Hathaway, went further: he labeled crypto "disgusting and contrary to civilization," calling it "beneath contempt" and likening trading it to dementia.
Ray Dalio originally dismissed Bitcoin as a speculative bubble but later praised it as an "alternative gold-like asset." He warned, however, that Bitcoin’s success could provoke government crackdowns.
Ken Griffin, founder of Citadel, admitted underestimating Bitcoin but remains cautious about its long-term utility—though he acknowledged his mistake in not embracing some of its performance. The Wall Street Journal
Larry Fink, once skeptical, now describes Bitcoin as a legitimate asset with hedging potential against inflation and political instability. BlackRock has since launched crypto investment products. The Wall Street Journal
Michael Saylor, CEO of MicroStrategy, champions Bitcoin as the next global store of value. He argues that Bitcoin is "the apex property of the human race" and a superior alternative to gold. His company now holds nearly 500,000 BTC, firmly positioning it as a strategic reserve asset. Wikipedia
Elon Musk continues to support Dogecoin, calling it “the people’s crypto” and joking, “I like dogs and memes”—while downplaying most other coins. His humorous influence consistently moves markets.
Kevin O’Leary, initially calling Bitcoin "garbage" and "useless," later joined the space as an investor after being convinced by colleagues. His evolving stance shows a shift from dismissive skepticism to cautious acceptance.