Virtual currencies expanded all over the world and have received support and critics from many individuals and famous people. In this article, we will be writing about some of the most popular Bitcoin bulls of the space. These Bitcoin enthusiasts are known for believing in Bitcoin and seeing it as an alternative to the current way of exchanging value.
Jack Dorsey is the CEO of Twitter and has been showing its support for Bitcoin (BTC) and the Lightning Network. At the Joe Rogan Experience online show, Dorsey said that the internet will have a native currency and it will be Bitcoin. For that, we believe Jack Dorsey is among the must influent Bitcoin bulls;
About it, Dorsey said.
“We would love to see something become a global currency. It enables more access. It allows to serve more people. It allows us to move much faster around the world.”
He has also participated from the Lightning Torch and praised the new Tippin.me extension on Twitter to tip Bitcoin using the LN.
Bobby Lee, the co-founder of BTCChina and Board Member of the BTC Foundation is another Bitcoin bull. Back in August 2018, Bobby Lee predicted Bitcoin to reach $77,000 by August 2020. However, the long-term price is much higher for him.
He wrote on Twitter that once Bitcoin surpasses $60,000 it will have a total circulation value of $1 trillion, which will be a huge milestone for BTC. After reaching this price, Bitcoin will have more stability and fluctuate less.
When #Bitcoin passes the USD $60,000 price level in the coming years, it‘ll reach a total circulation value of $1 Trillion. That will be a huge #milestone for $BTC, and it‘ll lead to more price stability, higher global liquidity, and even faster adoption worldwide. #VirtuousCycle
— Bobby Lee (@bobbyclee) August 24, 2018
“We’ve seen massive value destruction, but we’ve seen massive value creation,” he said. “I had a lot of Bitcoin, but never as an investor. I only had Bitcoin to experiment with and find out how to buy and sell things around the world and find restaurants that accept Bitcoin.”
He has also mentioned that Bitcoin is pure and there is no human running it. For him, this feature is more important than all our human conventions.
Bill Miller, a recognized Wall Street investor, has several times talked about Bitcoin and given his opinion about it. He called it an interesting technological experiment and that he is a Bitcoin observer but not a believer.
When Bitcoin hit $20,000 he said that he invested 50 percent of the money from his hedge fund in top virtual currencies. And until September 2018, Miller Value Partners retained $2.89 billion in assets under management.
In order to show that he is bullish on this asset, he said that he had a “modest” one percent of his assets in Bitcoin since 2014.
There is another Bitcoin bull in the market, Peter Thiel. The venture capitalist has already bet on Bitcoin and the possibility for it to become a gold-like safe haven. During a conversation with CNBC, he said that he would be long Bitcoin and neutral of everything else.
About Bitcoin, he commented:
“I would be long Bitcoin, and neutral to sceptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you’d bet on would be the biggest.”
He has also backed the idea of Bitcoin becoming a store of value rather a tool for daily transactions.
Abigail Johnson, the CEO of Fidelity Investments, is also guiding the company towards embracing virtual currencies. Fidelity Investments unveiled a new company called Fidelity Digital Assets that focuses on crypto-related investments.
She has surprised the whole crypto community when she announced Fidelity’s new investments. She referred to cryptocurrencies as the evolution of digital cash. She has also talked about Bitcoin pioneers and how they helped create the most popular digital asset.
Fidelity Digital Assets will be offering services to institutions and larger investors that want to participate in the crypto market.
Tim Draper, a recognized venture capital investor, has been participating in the crypto market for a very long time. He invested in Bitcoin when it was traded under $1,000 and it has also made very bullish predictions for the future of this digital asset.
He predicted Bitcoin to reach $250,000 as soon as in 2022. He did not make this prediction just once, but he confirmed it back on November 6. He has also explained that the community needs to use Bitcoin to buy Starbucks coffee and expand its usability.
“Do I want a currency that I can take from country to country […] or do I want one that sticks me in one country or one geographic area and I can’t use it anywhere else?”
The Chinese Bitcoin billionaire Zhao Dong believes that Bitcoin will have a “spring” as soon as in 2020. Dong has several reasons to be bullish on Bitcoin. One of them is the fact that he is the owner of a substantial part of the cryptocurrency exchange Bitfinex.
He explained that Bitcoin will be drawing attention again only when it will reach tens of thousands of dollars. However, this might take a little while before it happens. In a chat on WeChat, he said that he expects Bitcoin’s spring to arrive as soon as in 2020, but the crypto summer will probably not arrive until 2021. Either way, he’s one of the most known Bitcoin bull there are.
Anthony Pompliano is also a Bitcoin bull and one of the most unbiased opinions on Crypto Twitter. Although he believes that Bitcoin could fall under $3,000, he remains very bullish for the future of the space. He said that there are some psychological components at play in the market.
He compared Bitcoin with other stocks or investments saying that the most popular digital currency is not correlated with any other asset in the financial market.
At the same time, Pompliano believes that in the future, retirement funds could invest in Bitcoin and improve their financial position. As there is an ageing population and lower earnings for these investments, Bitcoin could clearly help mitigate this specific problem.
John McAfee is also one of the most popular and controversial Bitcoin supporters. He has been fighting against centralized institutions and trying to promote virtual currencies in many different ways. He is currently running for president of the United States from abroad after being searched by the IRS.
McAfee has also predicted Bitcoin to reach $1 million before 2021, and he made a very risky promise if it does not happen. McAfee has also been promoting different Initial Coin Offerings (ICOs) and blockchain projects that he believed in it. Mr. McAfee is a determined Bitcoin bull and well known figure in the media. Will his bitcoin price prediction will come true? We don’t know that yet but we surely hope so.