A Running List of Institutional Investors & Corporations that are Bullish on Bitcoin

More and more, titans of the traditional finance markets have been asked their opinions on digital assets and cryptocurrencies. And more and more, they are buying it themselves. Whether their belief in bitcoin, the crypto space, or their belief in a weakening dollar, some of the biggest names in finance are touting the benefits of an investment in bitcoin. We continue to track those statements here:

Rick Rieder, BlackRock CIO

“I think cryptocurrency is here to stay…do I think its a durable mechanism that, you know, I think will take the place of gold to a large extent? Yeah I do because it’s so much more functional than passing a bar of gold around.”

Rick Rieder

Stanley Druckenmiller:

“Frankly, if the gold bet works the bitcoin bet will probably work better because it’s thinner, more illiquid and has a lot more beta to it.”

Stanley Druckenmiller – Nasdaq

Paul Tudor Jones:

At the end of the day, the best profit-maximizing strategy is to own the fastest horse. Just own the best performer and not get wed to an intellectual side that might leave you weeping in the performance dust because you thought you were smarter than the market. If I am forced to forecast, my bet is it will be Bitcoin.

Paul Tudor Jones – May 2020 BVI Letter

Bill Miller:

“The bitcoin story is very easy. It’s supply and demand,” Miller said. “Bitcoin’s supply is growing around 2.5% a year and the demand is growing faster than that.”

Bill Miller – Yahoo News

Raoul Pal:

“Bitcoin’s performance is SO dominant and SO all-encompassing that it is going to suck in every single asset narrative dry and spit it out. Never before in my career have I see a trade so dominant that holding any other assets makes almost no sense.”

Raoul Pal – Forbes

George Ball:

“…so the very wealthy, investor or trader, likely turns to Bitcoin as a safe haven”

George Ball – Reuters

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