What Do Billionaires Really Think About Cryptocurrency?

Michael Bloomberg

Michael Bloomberg is among the top 10 richest people in the world and, more recently, a presidential also-ran. Bloomberg has said in the past that cryptocurrencies have become worth hundreds of billions of dollars, so regulations around it need to be more stringent.

Bloomberg agrees that there’s a lot of room for criminal activity and fraud in the crypto world, but he thinks that can be improved. His failed presidential campaign platform included policies that would have protected consumers from crypto-based fraud and simplified the responsibilities of regulators, with a defined framework for coin offerings.

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Cryptocurrency Will Shine Through the Coming Chaos

While the U.S. spends and spends and spends its way into oblivion, the eventual result will be inflation. Serious inflation. The dollar will crash, gold will shoot higher and Bitcoin, well, it can only become more scarce and more valuable. There’s a natural ceiling to the number of Bitcoins that will exist — ever. By design, there can only be 21 million of them. Soon, the ceiling will be hit. Now is the moment to get into cryptocurrency. There’s a been a rise of late, but prices are consolidating, setting up for the next leap higher. Grab Keene Little's widely followed cryptocurrency newsletter, Crypto Wealth Protocol completely risk free.
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