Bitcoin, the largest cryptocurrency by market valuation and one of the most notable technological innovations of our times, has received high praise from financial experts, according to Documenting Bitcoin.
The first of these compliments came from Jim Messina, deputy chief of staff in the administration of former US President Barack Obama. During an interview on Fox News, Messina called Bitcoin and cryptocurrencies "one of the most exciting developments of our lifetime".
Eric Schmidt, former CEO of Google and an accomplished American technologist and entrepreneur, referred to Bitcoin as a “notable cryptographic achievement”At the time of making this comment about the world's most capitalized cryptocurrency, Schmidt was participating in a debate with the co-author of the book "The New Digital Age," Jared Cohen.
Schmidt also spoke about Web3 and the new digital economy during his participation at SmartCon 2022 alongside Chainlink co-founder Sergey Nazarov.
The legendary American billionaire value investor Bill Miller He compared Bitcoin to several of the most revolutionary inventions and innovations of our time.
Bitcoin is "such as digital gold, the printing press, the steam engine, the railroad, the automobile or electricity", Miller said during an interview with WealthTrack in late 2022.
Miller is widely known in the financial world for holding the historic Wall Street record of investing in and outperforming the S&P 500 for 15 consecutive years, Documenting Bitcoin noted. In addition to this, the American billionaire investor has been a prominent Bitcoin advocate. In 2022, Miller revealed that 50% of his wealth was invested in BTC. In 2021, his son Bill Miller IV also stated that Bitcoin had been the best performing investment asset for 8 out of the past 10 years and that Not owning bitcoins had been a mistake.
Michael saylor, CEO of MicroStrategy, currently the largest institutional investor in Bitcoin, highlighted the potential of the cryptocurrency and its scalability network during an exclusive interview with CNBC on its television show Squawk on the Street.
Saylor said that Bitcoin and the Lightning Network, the second layer network for Bitcoin scalability, have created “a monetary system that works for everyone and never shuts down”, while calling on businesses, banks and governments to move towards the new finances of the 21st century.
Although the billionaire hedge fund manager Ray Dalio has varied his opinions on Bitcoin and cryptocurrencies on several occasions, during an exclusive interview with CNBC, on its show Squawk Box, he assured that the innovation and development of the market-leading cryptocurrency had been impressive.
“I think it’s been amazing what Bitcoin has achieved in 12 years”, Dalio said.
During an interview with Michael J. Casey in 2021, Dalio revealed that the economic crisis had prompted him to add Bitcoin to his investment portfolio, declaring himself a holder of the cryptocurrency at the time.
Other praise Bitcoin has received
Apart from those mentioned above, other financial and technology experts have also shared a positive and optimistic view on the world’s leading cryptocurrency.
As reported by this media, there have been many occasions in which Steve Wozniak, co-founder of Apple, has praised Bitcoin for its technology, innovation and revolution. In March last year, Wozniak called Bitcoin “mathematically pure gold”. On other occasions he also referred to cryptocurrency as “the most amazing mathematical miracle” and the “unique digital gold”.
Likewise, the current CEO of Apple, Tim Cook, consider Bitcoin a good and reasonable investment, although he does not see cryptocurrency being part of his company in the near future.
Twitter co-founder and software developer, Jack Dorsey and the founder of Ark Invest, Cathi Wood, have also been big proponents of Bitcoin and share a positive view on its transformative potential. Dorsey even believes that Bitcoin could eventually replace the dollar, while Wood recently said that cryptocurrency is a protection and an insurance policy in today's world.
“People living in emerging markets with hyperinflation need a backup option and an insurance policy. They need Bitcoin.”, Wood said during an interview with Yahoo Finance.
At the end of January, even Arizona state senator Wendy Rogers claimed that Bitcoin is “a decentralized instrument for freedom”.
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