Express

​Starwood Capital Group Founder Said Bitcoin Is A Store Of Value While Gold Is "Kind Of Worthless"

Mary Liu

Summary: During an interview with CNBC Squawk Box, Barry Sternlicht, Starwood Capital Group CEO and founder said that gold is "kind of worthless" so he holds Bitcoin.  He said: "The reason I own Bitcoin is because the U.S. government and every government in the western hemisphere are printing money now to the end of time and ...

During an interview with CNBC Squawk Box, Barry Sternlicht, Starwood Capital Group CEO and founder said that gold is "kind of worthless" so he holds Bitcoin. 

He said: "The reason I own Bitcoin is because the U.S. government and every government in the western hemisphere are printing money now to the end of time and this is a finite amount of something and it can be traded globally." 

However, Sternlicht does not seem to be an extremist of BTC. He believes that Bitcoin has no specific purpose, but a store of value.

By Mary Liu

Last Update:

Tags: ,,
Link: ​Starwood Capital Group Founder Said Bitcoin Is A Store Of Value While Gold Is "Kind Of Worthless"   [Copy]
Next:

Related Articles

  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 8 days ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 13 days ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 27 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? September 9, 2025
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules September 5, 2025

    • You need to login to comment.