Bitcoin

ELON Coin

Gary

<p>The crypto market has continuously grown over the years, and people from different countries, professions, and educational backgrounds have endorsed and become a part of the industry. This industry has become worth Trillions but is still facing <a href="https://coingape.com/donald-trump-to-support-bitcoin-price-rally-amid-regulatory-uncertainty/" rel="noopener noreferrer nofollow">regulatory</a> and disapproval issues from the government and finance-related celebrities.</p>
<p>In this blog, let us discuss some of the&nbsp;popular&nbsp;celebrities and what they have to say about the crypto market.</p>
<h2 id="gary-gensler">Gary Gensler</h2>
<p><a href="https://coingape.com/education/who-is-gary-gensler/" rel="noopener noreferrer nofollow">Gary Gensler</a>, the US SEC Chair, has been known for his&nbsp;extremely strict&nbsp;point of view regarding the crypto industry. He is the individual behind the ongoing battle of <a href="https://coingape.com/ripple-vs-sec-xrp-lawyer-reveals-odl-contract-terms-potential-legal-impact/" rel="noopener noreferrer nofollow">Ripple Vs. SEC</a>, he has cracked multiple <a href="https://coingape.com/robinhood-gets-wells-notice-from-us-sec-hood-shares-tank-7/" rel="noopener noreferrer nofollow">crypto firms</a> and much more.</p>
<p>In a recent interview, Gary disclosed&nbsp;the reasons for&nbsp;his unhappiness with the crypto market. He explained the concerns about Market manipulation with cryptocurrencies. As the cryptocurrency is <a href="https://coingape.com/education/is-decentralized-finance-the-future-5-things-to-know/" rel="noopener noreferrer nofollow">decentralized</a>, the users make inappropriate and unauthorized transactions, which leads to scams.</p>
<h2 id="warren-buffett">Warren Buffett</h2>
<p>Warren Buffett is the 9th richest man in the world. He is known for his <a href="https://coingape.com/warren-buffett-said-he-wont-even-pay-25-for-all-of-bitcoins-combined/" rel="noopener noreferrer nofollow">open hate</a> for cryptocurrency. He has called <a href="https://coingape.com/trending/bitcoin-price-whats-behind-the-current-btc-price-surge/" rel="noopener noreferrer nofollow">Bitcoin</a> the&nbsp;“rat poison”&nbsp;and&nbsp;“no currency at all.</p>
<p>On multiple occasions, Warren has called <a href="https://coingape.com/price/" rel="noopener noreferrer nofollow">cryptocurrency</a> a nonviable or worthless investment. Moreover, in an interview with CNBC, he claimed that the crypto market will&nbsp;come to an&nbsp;end soon.</p>
<blockquote>
 <p>In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending.&nbsp;If I could buy a five-year put on every one of the cryptocurrencies,&nbsp;I’d&nbsp;be glad to do it, but I would never short a&nbsp;dime’s&nbsp;worth</p>
</blockquote>
<h2 id="paul-krugman">Paul Krugman</h2>
<p><a href="https://coingape.com/web-stories/nobel-prize-winning-economist-criticizes-elon-musk/" rel="noopener noreferrer nofollow">Paul Krugman</a> is a well-known and Noble price-winner economist. He has called cryptocurrency an external <a href="https://coingape.com/bitcoin-investors-gonna-slaughtered-wall-street-expert/" rel="noopener noreferrer nofollow">financial risk</a> and lacks a fundamental purpose. Moreover, he questioned the purpose of the existence of the cryptocurrency. He says,</p>
<blockquote>
 <p>What problem does this technology solve? What does it do that other, much cheaper and easier-to-use technologies&nbsp;can’t&nbsp;do just as well or better? I still&nbsp;haven’t&nbsp;heard a clear answer</p>
</blockquote>
<p>He did not stop there and has also questioned the future of the crypto market. In another event, he said,&nbsp;“Because Bitcoin and its relatives have not managed to achieve any meaningful economic role, what happens to their value is irrelevant to those of us not playing the crypto game.”</p>
<h2 id="jamie-dimon">Jamie Dimon</h2>
<p><a href="https://coingape.com/jpmorgan-ceo-jamie-dimon-labels-bitcoin-as-fraud-and-hopeless-currency/" rel="noopener noreferrer nofollow">Jamie Dimon</a> is the CEO and Chairman of the biggest bank in America, JPMorgan Chase &amp; Co. He has called Bitcoin&nbsp;“the demon of the financial world,”&nbsp;and he would appreciate exorcising it out of the fiance ecosystem. Jamie has never backed out of showing his true feelings about the crypto market. He says that,</p>
<blockquote>
 <p>Bitcoin does nothing. I call it the pet&nbsp;rock</p>
</blockquote>
<p>Further saying that&nbsp;“Bitcoin does have uses that happened to be illegal such as money laundering, fraud, tax avoidance, or payment for sex&nbsp;trafficking”</p>
<p>Jamie’s&nbsp;dislike of cryptocurrency is&nbsp;to such an extent that he would go through the JP employees who have stupidly invested in Bitcoin.</p>
<h2 id="final-thoughts">Final Thoughts</h2>
<p>Like any other investment option, cryptocurrency has its share of lovers and haters. There are world leaders like <a href="https://coingape.com/elon-musk-biography-to-show-epic-dogecoin-connection/" rel="noopener noreferrer nofollow">Elon Musk</a>, favoring the crypto market over Warren Buffet&nbsp;with&nbsp;complete disapproval of the market. However, what is worth appreciating is the&nbsp;industry’s&nbsp;growth over the years. It&nbsp;has to&nbsp;see what the crypto market will bring to the world next.</p>
<p>The post <a href="https://coingape.com/trending/top-celebrities-who-dont-support-crypto-market/" rel="noopener noreferrer nofollow">Top Celebrities Who&nbsp;Don’t&nbsp;Support Crypto Market</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

Top Celebrities Who Don’t Support Crypto Market

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