Entrepreneurs who are ready to take the risk of starting some company are the gods of the newcomers. Entrepreneurs inhabit a huge domain in creative cultures. They’re inventing and investing in new technology, and they’re hoping for revenues to grow.
Big businessmen are the sunshine of the tech industries. Their thoughts on new inventions could impact the market. For starters, cryptocurrency and its potential for financial and technological bonding are now on the trend in the technology industry. The innovative technology of the blockchain continues to grow. Therefore, this is the greatest desire for newcomers to understand the acute thinking of the world’s biggest businessmen. The big entrepreneurship feature of blockchain technology and cryptocurrencies is the huge upshot of its future growth.
This article will guide you with the global notable entrepreneurs and their interesting views in the blockchain industries.
Elon Musk
An eminent entrepreneur from South Africa. Besides the fact that his native place is in South Africa, he has another two countries citizenship, Canada and the US. The CEO of SpaceX is also the founder and co-founder of many big companies like Neuralink, The Boring Company, X.com (now PayPal), OpenAI, Zip2, and also SpaceX. He is an innovative engineer and also leads as a designer at SpaceX. So, his valuable thought over cryptocurrency is significant for all small and major industries of blockchain technology.
This year, in February, Elon Musk shared his view with FYI –podcast team. Elon Musk is very aware of the cryptocurrencies and how it is spreading in the technical as well as the financial market system. He took an intermediate stand for the cryptocurrencies. He won’t allow cryptocurrency in the Tesla world because it’s not beneficial for using cryptocurrency as a resource power of Tesla. However, Musk also ensures that cryptocurrencies are a very useful source of transaction which eases the international fund transfer.
It is correct that the mining of cryptocurrency requires a high computing process and a huge amount of electricity. That might be the main reason Tesla isn’t in the blockchain generation right now. Yet Musk’s opinion is to keep the door open to the prospect that Tesla may allow the mining of cryptocurrency in the future.
Jeff Bezos
The owner and CEO of The Amazon, a global e-commerce company, Jeff Bezos is one of the wealthiest and most successful businessmen in the country. Beginning from an online book shop in 1994, Amazon has now become the world’s largest online retail company.
Amazon doesn’t just stop at the distribution site. Their R&D team is quite involved and has introduced products like Amazon Echo, Audible, Amazon Web Service, etc. And, with the innovation, Amazon is streaming. So what’s Bezos ‘ position on the cryptocurrency? As a retail business online payment is their regular business. From a non-reliable source from the companies inside reflects that accepting the crypto-payment is still under regulation.
Though there was a buzz in the wind that Amazon had purchased three crypto-related domains. There’s no formal Amazon comment to confirm the speculation. Nonetheless, the crypto-buzz within the industry suggests that Benzo might quickly be synonymous with cryptocurrencies.
Bill Gates
The founder of Microsoft’s global tech empire, Bill Gates is a well-known entrepreneur and businessman in the country. Once he was the richest man in the world, he now occupies a second position. Bill Gates and his Microsoft Company have been booming around the world for years. As the technological titan Bill gates, we hold a different view of cryptocurrencies.
He said that he would bet on Bitcoin at the “Squawk Box” hosted by CNBC in May 2018. Therefore, he has no confidence in Bitcoin or any other cryptocurrencies. He said,
“I think I’d simplify it if there was an easy way to do it.”
This removes his opinion on bitcoin from the comment. Therefore, if he doesn’t see cryptocurrencies as a major technology investment story, he won’t consider anything relevant to it. ICOs and bitcoins are nothing but a wild gambling idea for him.
While his view does not favour the digitization of cryptocurrency, this did not have a significant impact on the crypto sector. Today, cryptocurrencies are inventing and receiving support from diverse stakeholders.
Bernard Arnault
A French man, vying with the world’s richest people like the warren buffet and bill gates, is now in second place according to Forbes magazine. Louise Vuitton SE, the most expensive place in the world for merchandise, is his business.
The recent report shows a link between Bernard Arnault and cryptocurrencies. Belgian regulators announced that a crypto firm had asserted Arnault’s affiliation with the venture. Nevertheless, he refused and dismissed the claim. Maybe it’s just a theory, but this seems to be a link between Arnault and the cryptocurrencies. This also shows his belief in digital currencies.
Mark Zuckerberg
The developer and creator of the largest social media platform, Mark Zuckerberg, has seen large possibilities in cryptocurrency. Facebook is set to launch the Libra crypto coin on the sector. While Facebook has intended to create a responsible cryptocurrency on the market, which is expected to change the mainstream cryptocurrency industry, it has recently lost funding from Paypal. Facebook faces strong legal hurdles and convinces the US authorities that Libra can operate only as a[ exchange payment] or distinct from Bitcoin. The tests are taking a long time, and the stakeholders are now losing patience.
With several challenges, Facebook has announced the launch of Libra by 2020. His thoughts on cryptocurrency and blockchain technology are visible in his stance by Libra.
There is criticism on the other side. One of the major investors in “Wall Street” refused to step in the cryptocurrency industry. The world follows him as an “Investment Guru”.
Warren Buffet
Warren Buffet is the most popular person in the business world who began his business career as a youth. Warren Buffet’s statement and critique of cryptocurrency are the strongest. From the point of view of the cryptocurrency menu, there is nothing but garbage in trade. It’s not ready to accept tokens in the asset class. At the Berkshire Hathway Annual Shareholder Meeting, he claimed that cryptocurrencies are like rat poison and that he would never buy bitcoin.
He said that if it does not have any inherent value, it should not be recognized internationally. A digital currency that does not exist in the real world, then how it can hold the business? One thing he said was the uncertainty in cryptocurrencies. The prices are so unpredictable that there is a huge market threat for investors
He’s always against the engineering he’s not comfortable with. Therefore, as a cryptocurrency a basic and complicated software to learn and transact, he would never have sponsored it. To him, tokens are only cheaters on the trading platform.