Billionaires Prefer Bitcoin And Ethereum Over Gold

Jamie Dimon, the CEO of JPMorgan, recently stated that Bitcoin was worthless. However, two well-known billionaires disagree. Bitcoin is good, but they both say Ethereum is much better.

Ethereum vs Bitcoin

During an interview with CNBC, Barry Sternlicht, the co-founder of Starwood Capital Group, said he bought Bitcoin because every government in the western hemisphere prints infinite amounts of money. So it has become a means of inflation.

Sternlicht is estimated to have net worth of approximately $4.4 billion and is known for its investments in the real estate market through Starwood Capital Group. The investment firm was founded in 1991 and has Reportedly for approximately $95 billion in assets under management.

Sternlicht was asked for his opinion on Jamie Dimon’s negative statements about Bitcoin. starlight said:

“Gold is also a bit worthless, just like silver. They have some industrial uses, but they are of minor importance. The reason I own Bitcoin is because the US government and every government in the western hemisphere is now printing money until the end of time.”