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Boom or Bust? Here’s what CEO’s think of Cryptocurrencies



CEO’s are smart, educated and extremely successful people. They are responsible for thousands of jobs and billions of dollars. But, what do they know and think about cryptocurrencies? Here’s a selection of quotes illustrating some of their thoughts:

Perhaps the most (in)famous CEO to comment is JPMorgan’s Jamie Dimon, who said recently:

  • “It’s a fraud”
  • “bitcoin is not a real thing and it’s solely speculative and that there’s no need for it in the U.S.” 
  • “Bitcoin will eventually blow up. It’s a fraud. It’s worse than tulip bulbs and won’t end well

Morgan Stanley CEO James Gorman, late September:

“I haven’t invested in it. I’ve talked to a lot of people who have. It’s obviously highly speculative but it’s not something that’s inherently bad. It’s a natural consequence of the whole blockchain technology.”

Warren Buffet of Berkshire Hathaway, back in 2014 said:

“Stay away from it. It’s a mirage, basically. It’s a method of transmitting money. It’s a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money too. Are checks worth a whole lot of money? Just because they can transmit money?”

Blackrock CEO Larry Fink, 3 October:

“I am a big believer in the potential in what cryptocurrencies can do.”

Ray Dalio, Bridgewater Associates:

  • “Bitcoin is a highly speculative market,”
  • “Bitcoin is a bubble.”

Fidelity Investments CEO Abigail Johnson:

  • “I like to think that huge new markets and products will be built on these platforms,”
  • “But before that can happen, we need to address the barriers there are to adoption — and there are several.”


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