[2019-09-23] CEO of largest alternative investment firm vows not to buy bitcoin - page 3.

1Referee

legendary

Activity: 2170

Merit: 1427

It's quite funny how these CEO's are so loud against Bitcoin, yet do the complete opposite and explore what the opportunities are that this market presents.

Just wait for it, when the price breaks through its current all time high levels their clients will beg for Blackstone to buy them into Bitcoin's exposure, be it through futures or other forms. Not having exposure to Bitcoin in current time and day is just stupid. If not, then some other institution will take their place and reap the fruits of being smart and adaptive.

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https://twitter.com/btcven/status/1175557877894909953

Quote

$229.47 USD (~₿0.022547 BTC) bought non-cook pasta for a whole week to help feed ~1200 people who eat in the soup kitchen daily

Another ₿0.022547 BTC bought:

- bleach, laundry powder for the special care center

- fruits, vegetables, ribs, pasta, eggs for elderly women center

Bitcoin is actually being utilized already for Venezuelans. Give that account a follow and consider donating.

cr1776

legendary

Activity: 4130

Merit: 1307

Quote from: bbc.reporter on September 22, 2019, 10:08:10 PM

...

Schwarzman says he doesn’t get why anyone would want or need a currency that’s not controlled by governments and banks, and he’s concerned about Bitcoin’s use among criminals.
...

Just ask the people of Venezuela, Cyprus, China, Hong Kong, Zimbabwe, Sudan, Turkey, Iran and Argentina recently and Cuba, North Korea, Germany, etc in the past if you want to understand why one might want to have a currency not controlled by governments and banks. Plus transportable across borders.

gentlemand

legendary

Activity: 2590

Merit: 3014

Welt Am Draht

That's a very quaint set of beliefs he has. A wonderful blast from the past.

I reckon he'll be back in nappies before an investment in 'blockchain' ever turns a profit, let alone repays an investor. Good luck to him all the same.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

I shake my head that as a CEO of the world's largest alternative investment firm, Stephen Scharzman does not understand bitcoin after all the years. He might be hiring the wrong advisors hehe.

In any case, this might be good because it might be a sign that it is the beginning of a blockchain season that might begin another altcoin season hehehehe.

The billionaire CEO of alternative investment firm Blackstone says he loves blockchain, but will never invest in Bitcoin.

Stephen Schwarzman tells Fortune he’s not interested in Bitcoin or crypto assets, saying he doesn’t know why they’re necessary.

Schwarzman says he doesn’t get why anyone would want or need a currency that’s not controlled by governments and banks, and he’s concerned about Bitcoin’s use among criminals.

As for blockchain as a whole, Schwarzman says he’s a believer in the technology and expects his firm will invest in many blockchain-related projects.

“There’s all kinds of uses you can have from certain executions. [Blockchain technology] is a very good idea, and it will end up being adopted because it’s good technology. Applying it to the creation of money is sort of, for my taste, pretty odd.”

Blackstone has been under Schwarzman’s leadership since it was founded in 1985.

As the world’s largest alternative investment firm, it has over 800 subsidiaries around the world, according to an SEC list dated December of 2017. It now has $472 billion in assets under management, operating out of New York and specializing in private equity, credit and hedge fund investment strategies.

Read in full https://dailyhodl.com/2019/09/22/ceo-of-worlds-largest-alternative-investment-firm-vows-never-to-buy-bitcoin/

Topic: [2019-09-23] CEO of largest alternative investment firm vows not to buy bitcoin - page 3. (Read 501 times)