Dave Ramsey
Dave Ramsey, the bestselling author and founder of Ramsey Solutions, staunchly opposes investing in cryptocurrency. He and his team view crypto as a high-risk speculation, laden with volatility that could decimate your investment.
Ramsey cautions against crypto due to its unpredictability, unproven returns, numerous uncertainties, and susceptibility to theft and fraud. He believes that the path to wealth is gradual and steady, asserting that the current landscape of cryptocurrency is rife with ambiguity. In his words, “Get-rich-quick schemes are just that — schemes. Don’t risk it and pour all your hopes, dreams, and money into them.”
Mark Cuban
Mark Cuban, the entrepreneur and owner of the Dallas Mavericks, holds a nuanced view on cryptocurrency. While personally investing in Bitcoin, Ethereum, Polygon, and Injective, he considers crypto a “Hail Mary.” Cuban appreciates the utility of certain cryptocurrencies but expresses disdain for speculators aiming for quick profits.
In a conversation with John Reed Stark, Cuban forecasted the demise of many blockchain companies and tokens, comparing it to the fate of early internet enterprises. He predicts that while most will fail, the successful few will be industry disruptors in the tech realm.
Warren Buffett
Warren Buffett, the renowned CEO of Berkshire Hathaway, has long harbored skepticism towards cryptocurrency. Bestowed with the moniker “Oracle of Omaha,” Buffett stands firm in his principle of only investing in what he comprehends.
Buffett’s negative stance on cryptocurrency dates back to 2018, deeming it a risky venture with an inevitable dismal outcome. His labeling of Bitcoin as “rat poison squared” in an interview with CNBC underscores his reluctance to embrace this digital asset. For Buffett, cryptocurrency holds no intrinsic value and is akin to gambling rather than investing.