One After Another, Each Billionaire Will Eventually Endorse Bitcoin. This Time, It’s Carl Icahn.

The year 2020 will forever be remembered as the breaking point for Bitcoin. There will definitely be a before and after. Before 2020, Bitcoin’s opponents among institutional investors were in the majority. Billionaire investors from the world of traditional finance never missed an opportunity to attack Bitcoin.

And then everything changed after March 2020. The resilience demonstrated by Bitcoin changed many of their minds.

The first to come out of the woodwork was Paul Tudor Jones. In May 2020, Paul Tudor Jones explained that he now preferred Bitcoin to gold as a hedge against the great monetary inflation that was coming. Throughout 2020, other big names in investing followed his lead.

Paul Tudor Jones’ entry into the Bitcoin world can be considered a tipping point.

Until then, many were reluctant to take the plunge for fear of being misjudged by the financial world. After Paul Tudor Jones’ endorsement, many found themselves totally unconcerned. No more fears, it was time to focus on the essentials: Bitcoin is here to stay. It’s time to take advantage of it or risk being left behind.

Since the beginning of Bitcoin’s bullish rally in October 2020, you’ve been able to discover that Stanley Druckenmiller owns Bitcoin. You have also seen Howard Marks’ change of heart regarding Bitcoin. While he doesn’t own any himself, he says that his son owns some for their family:

“Back in 2017, I expressed a high level of skepticism regarding Bitcoin. This view has been a source of much discussion for me and Andrew, who is quite positive on Bitcoin and thankfully owns a meaningful amount for our family.”

Howard Marks later clarified that his initial opposition reaction was a “knee-jerk reaction”.

In April 2021, Bill Miller also gave an extremely optimistic view of the future of Bitcoin:

“I think that Bitcoin … should probably be up 50% to 100% from here in the next 12 to 18 months. And if you were to ask me the over or under, I would definitely say it would be much more likely to be higher than lower.”

In the ranks of Bitcoin’s opponents, it is also interesting to observe the evolution of Ray Dalio’s mentality over the months. From being a fierce opponent, Ray Dalio slowly but surely evolved to admit that Bitcoin could have value. And finally, he admitted in May 2021 that he now owns Bitcoin.

All these billionaire investors did not suddenly go crazy.

They understand one by one that their initial oppositional reactions were a mistake. They realize that Bitcoin is a monetary revolution that will change the world in the future. When such a revolution takes over the world, it is better to be part of it than to stay away.

So they buy Bitcoin to avoid being left behind.

Knowing how to evolve is as much proof of intelligence as it is a necessity in our world. Billionaire investor Carl Icahn, 85, is the latest example of a former Bitcoin opponent who has changed his views.

In an interview for Bloomberg, Carl Icahn has just explained that he is now considering a major investment in Bitcoin and cryptocurrencies in general:

“I mean, a big way for us would be a billion dollars, billion-and-a-half dollars … I’m not going to say exactly.”

Carl Icahn will probably soon join the long list of billionaire investors who choose to be pragmatic in their attitude towards Bitcoin.

One might even wonder if Carl Icahn has not already made this investment, since he is not the kind of investor who would make such information public without having already taken a position. This remains a hypothesis on my part of course, but it would not surprise me much even if Carl Icahn specifies the contrary:

“Much of the cryptocurrency issued today will not survive, but we believe cryptocurrency in one form or another might be here to stay. To be clear, we have never bought any cryptocurrency, but we are studying it.”

Carl Icahn understands that most cryptocurrencies will disappear in the future, but Bitcoin will always be there. This is in line with what Bitcoiners keep saying: only Bitcoin matters in the long run.

To those who still question the value of Bitcoin and Altcoins, Carl Icahn turns the tables by questioning the intrinsic value of the US dollar:

“Well, what’s the value of a dollar? The only value of the dollar really, is because you can use it to pay taxes.”

The fact that more and more American states will accept Bitcoin as a means of payment for taxes should therefore give the king of the digital currency even more of a boost if we are to believe this statement by Carl Icahn.

While Warren Buffett and Charlie Munger continue to oppose Bitcoin, other billionaire investors continue to evolve. Regardless of their age, all of them are coming to understand that Bitcoin is an incredible opportunity.

As an individual, this is something that should alert you if you have not yet entered the world of Bitcoin. Bitcoin is here to give you back the power over your money, but if you wait too long to take advantage of it, know that billionaires won’t wait for them to take your place.

Source: https://www.inbitcoinwetrust.net/one-after-another-each-billionaire-will-eventually-endorse-bitcoin-this-time-its-carl-icahn-dee6df2de8a5?source=rss——-8—————–cryptocurrency