Post
Topic
Board Press
Re: [2019-09-23] CEO of largest alternative investment firm vows not to buy bitcoin
by
eaLiTy
on 02/10/2019, 02:40:30 UTC
The billionaire CEO of alternative investment firm Blackstone says he loves blockchain, but will never invest in Bitcoin.
Stephen Schwarzman tells Fortune he’s not interested in Bitcoin or crypto assets, saying he doesn’t know why they’re necessary.
This part i can understand because BTCitcoin is not necessary if you are sitting idle and does not have the time to trade nor having any plans for international trade and transaction. Blockchain start ups can be a multi billion dollar business.

Schwarzman says he doesn’t get why anyone would want or need a currency that’s not controlled by governments and banks, and he’s concerned about Bitcoin’s use among criminals.
Not sure why he is not concerned about the fiat currency use among criminals Roll Eyes.


“There’s all kinds of uses you can have from certain executions. [Blockchain technology] is a very good idea, and it will end up being adopted because it’s good technology. Applying it to the creation of money is sort of, for my taste, pretty odd.”
Blackstone has been under Schwarzman’s leadership since it was founded in 1985.
From the age old barter system to the creation of money by rulers 8000 years back there is not much of a change as it is controlled by a certain group and the valuation are manipulated but when it comes to BTCitcoin, the market determines the value and it is time to bend and change the age old concepts and start accepting decentralized currency, not sure what is the problem to have some positive change from the age old concepts.