Starwood Capital Group founder disagrees with criticism of JPMorgan chief Jamie Dimon regarding first cryptocurrency
Starwood Capital Group founder and billionaire Barry Sternlicht explained in an interview with CNBC that he invested in bitcoin as its reserves are limited. Sternlicht also called gold useless and did not agree with the opinion of the head of the investment bank JPMorgan James Dimon, who called Bitcoin useless.
“The reason I own Bitcoin is because the US government and every government in the Western Hemisphere continues to print money. Bitcoin has a limited emission and can be traded all over the world, ”said the billionaire.
On October 11, JPMorgan CEO James Dimon criticized Bitcoin and said that the first cryptocurrency was worthless. Daimon also said that the bank's clients are interested in investing in cryptocurrency.