Barry Sternlicht, who is on the list of world billionaires with his fortune of $ 4.2 billion, surprised those who heard with his Bitcoin price prediction in an interview with Bloomberg TV in Miami.
The famous billionaire, who is the chairman of the board of directors of the investment company Starwood Capital Group, which operates in the real estate field, has described Bitcoin and cryptocurrencies as “the safe haven of the smart people”.
Stunning those who heard that the value of Bitcoin could reach $ 1 million in the coming years, Barry Sternlicht stated that he believes that Bitcoin may fall soon, but that BTC will gain a lot in the long run.
“Bitcoin could be worth $1 million. Because not only the investors in the USA, but the whole world will understand that the name of the thing that cannot be produced any more is Bitcoin.”
Stating that he does not find it right to print money again in a world where money is constantly printed, and that he believes that this order will come to an end, Sternlicht emphasized that Bitcoin has never been hacked and that there will be only 21 million Bitcoins in the world.
The famous billionaire stated that he invested in Bitcoin with about 2% -3% of his own assets, and said that it is wise for everyone to invest in Bitcoin, even if it is a little.
“Even if Bitcoin is completely reset, it won’t hurt me. Because I have made an investment that will not be damaged. But if it’s worth $1 million, that’s what makes me happy.”
Adding to his words that many countries in the world follow China’s footsteps and turn against the USA, Barry Sternlicht thinks that the dollar will eventually depreciate as a result.
In this context, the famous billionaire argued that the door to be held after the depreciation of the dollar will be Bitcoin and cryptocurrencies.
*Not investment advice.