Bitcoin is worthless to Jamie Dimon. A billionaire reacts and, on the contrary, considers Bitcoin preferable to gold. But Ethereum can also win.
For some, Bitcoin is almost a religion. Investors will be primarily concerned with the issue of returns. And they are there, especially in recent weeks.
This does not, however, prevent JPMorgan CEO Jamie Dimon from viewing the cryptoasset as devoid of value. No revelation here. The leader has been repeating his interest in the first cryptocurrency for years.
Ether, a programmable Bitcoin
However, there is no question for him to advise against any investment in Bitcoin to the customers of his bank. Dimon would probably not be able to convince some big fortunes to end the BTC either.
Billionaire Barry Sternlicht, co-founder of Starwood Capital, puts forward at least one major reason to invest in this digital asset now. This is inflation, driven by the monetary creation of states.
“The reason I own Bitcoin is the printing of endless money from the US government and all governments in the Western Hemisphere,” he explains on CNBC.
Unlike Jamie Dimon, Barry Sternlicht therefore believes that Bitcoin offers real value. But in addition, he judges it to be far superior to gold. Because for the billionaire, it is the gold which today turns out to be “worthless”.
And this is not the only asset. “Gold is sort of worthless too [comme la monnaie fiat du fait de la création de monnaie ininterrompue], and money too. They have some industrial uses, but minor, ”says the boss Starwood Capital.
BlackRock boss leans towards $ 0 BTC
However, the financial expert is not a Bitcoin maximalist. It recognizes the limits of the crypto-asset, the usefulness of which is limited exclusively to the store of value. He also points to his “crazy volatility”.
Sternlicht therefore does not hide its interest in other tokens, more advanced in terms of use than BTC. He told CNBC that he held Ether in particular, without specifying the amount.
The advantage of Ether, according to him, is to be a “Programmable Bitcoin”, Or to allow uses other than the store of value. But the token is not the only one in this case. “Tons of other parts rely on this system”, Adds the billionaire.
To put BTC supporters and detractors on an equal footing, let’s conclude by quoting the chairman of asset management giant BlackRock. By his own admission, Larry Fink ranks “probably more in Jamie Dimon’s camp”. A Bitcoin at $ 80K or $ 0, it does not slice. But by claiming to be closer to Dimon, he also seems to suggest that zero is more likely.