"BlackRock" CEO Larry Fink made an anti-Bitcoin comment on Bitcoin in October 2017 and called Bitcoin a significant tool for money laundering. At the time, Larry Fink was a staunch opponent of Bitcoin.
It's laughable to be with an opinion that Bitcoin used for Money Laundering is "bad". Money Laundering by nefarious entities in itself is bad, yes, but the fact that Bitcoin can be used for Money Laundering effectively merely shows that "Bitcoin", as technically designed, actually WORKS. We should be comforted by the fact that our magic internet coins work as advertised.
When rich people don't own Bitcoin, they make negative statements about it, because they don't want others to invest in it, and instead put money into assets that they already hold. But once they buy Bitcoin, they start praising it as the best thing ever. This happened with Michael Saylor - he went from Bitcoin critic to second Bitcoin Jesus.
But I don't trust their words. They are not Bitcoin enthusiasts, they are getting filthy rich enthusiasts.
But I don't trust their words. They are not Bitcoin enthusiasts, they are getting filthy rich enthusiasts.
Yeah, it's all business for them, if you can't beat them, then join them attitude.
Speaking of Michael Saylor, this is now the (in)famous tweet,
https://twitter.com/saylor/status/413478389329428480
At least though, he attacks and then admit that Bitcoin is really different and now becoming the biggest personality in the bitcoin market.
He realized his mistake when he personally had problems of moving his money out of Argentina. It's one example of someone who truly learned the hard way. He knew that if he used Bitcoin, he would have moved that money out with merely a few clicks.
