The Bulls & Bears of Bitcoin – Who Loves It, Who Hates It

Bulls Bears

Want to have some fun and see who thinks “what” about bitcoin? Here is a super duper compilation of really smart (?) household named financial leaders expressing their opinion on bitcoin. You got your bulls and you got your bears. (Note: a good many of the bears are kind of biased cause they didn’t buy it way earlier…..so it must be bad, right). Gotta take a look at this. Hey, maybe a “fantasy bitcoin team”??
(Bill Taylor/CEO)


“Bitcoin’s meteoric rise has made it hard for even those in the highest spheres of finance, technology and government to ignore – and many have an opinion about its approximate 1,217 percent gain in the past 12 months. People have debated the potential of cryptocurrencies since the mysterious Satoshi Nakamoto released a nine-page paper explaining the technology in 2009. Here’s a look at who’s on which side and what they’re saying.

Joseph Stiglitz – Nobel prize-winning professor of economics, Columbia University
“Bitcoin is successful only because of its potential for circumvention, lack of oversight, so it seems to me it ought to be outlawed. It doesn’t serve any socially useful function.”– 11/29/17

William Dudley – President, Federal Reserve Bank of New York
“In terms of bitcoin, I would be pretty cautionary about it. I think that it’s not a stable store of value … I would be, at this point, pretty skeptical of bitcoin. I think it’s really more of a speculative activity.” – 11/29/17

Jeff Currie – Global head of commodities research, Goldman Sachs Group Inc.
“I don’t see why there is all this hostility to it.” Bitcoin is “not much different than gold” because it doesn’t have liability attached to it, by definition, like a security. – 11/29/17

Severin Cabannes – deputy chief executive officer, Societe Generale SA
“Bitcoin today is, in my view, very clearly in a bubble.” – 11/03/17

Tidjane Thiam – chief executive officer, Credit Suisse Group AG
“From what we can identify, the only reason today to buy or sell bitcoin is to make money, which is the very definition of speculation and the very definition of a bubble.” – 11/02/17…”


Full Story published at Bloomberg.com on 11/30/17
“Bitcoin Bulls and Bears – Who’s Hot, Who’s Not on Crypto”