5 PUBLIC FIGURES WHO CHANGED THEIR MINDS ABOUT BITCOIN

Bitcoin, the pioneering cryptocurrency conceived by the enigmatic Satoshi Nakamoto, has undeniably revolutionized the financial world. The last known price of Bitcoin is 103,694. USD and is down -1.16 over the last 24 hours. It is currently trading on active market(s) with $61,955,978,178.38 traded over the last 24Its decentralized nature, transparent blockchain technology, and limited supply have captured the attention of investors and institutions alike.However, Bitcoin's journey hasn't been without its skeptics.From its early days, many prominent figures dismissed it as a fad, a bubble, or even worse, a tool for illicit activities. Former Business Insider editor, Joe Weisenthal, wrote in a feature tilted Bitcoin Is A Joke that bitcoin is a bubble. Make no mistake, Bitcoin is not the currency of the future. It has noYet, as Bitcoin has matured, demonstrated resilience, and proven its staying power, even some of its most vocal critics have begun to reconsider their stance. Bitcoin and crypto technology can be controversial, but here are some billionaires who changed their mind about $BTC and blockchain.CEO and Chairman of J.P.This article delves into the fascinating stories of five influential individuals who, after initially expressing doubt or outright negativity towards Bitcoin, have ultimately changed their minds and embraced the digital asset. Bitcoin is looking stronger than ever and will soon be celebrating its 13th birthday on . Yet, for such a young asset, it sure has suffered its fair share of death. Crypto skepticsWe'll explore the factors that influenced their shifts in perspective, examining the evolving landscape of cryptocurrency and its growing acceptance within the mainstream financial system. Here are five people who have changed their minds about crypto assets, from Donald Trump to Mark Cuban. 1. Donald Trump: Bitcoin is very volatile and not based on anything Former U.S. President Donald Trump is a great example of how people can change their minds about cryptocurrencies. At first, he was really critical of the sector.Get ready to discover how minds can change when faced with disruptive innovation and a rapidly evolving market.

The Evolution of Bitcoin Skepticism and Acceptance

Bitcoin's early years were marked by considerable skepticism. 5 Public Figures Who Changed Their Minds about Bitcoin - Take a Look!! cryptocurrency news businessThe concept of a decentralized digital currency, operating outside the control of traditional financial institutions, was foreign and unnerving to many.Concerns about volatility, security, and regulatory uncertainty contributed to widespread doubt. A reading of two recent essays by former bitcoin skeptics who have changed their tunes. On this week s Long Reads Sunday, NLW reads two pieces from former bitcoin skeptics who have changed theirHowever, as Bitcoin gained traction, demonstrating its ability to withstand market fluctuations and technological challenges, some prominent figures began to reassess their opinions. Donald Trump, Larry Flink, and Peter Schiff are among the public figures and billionaire investors who have recently changed their minds about Bitcoin and cryptocurrencies. While the crypto markets went quietly into the correction, we reflect on the major flip-flops on crypto brought by this cycle.The increasing adoption of Bitcoin by institutions, the development of robust regulatory frameworks, and the growing awareness of its potential as a hedge against inflation have all played a role in this shift.

Donald Trump: From Critic to Cautious Observer

Former U.S.President Donald Trump was initially a staunch critic of Bitcoin and other cryptocurrencies. The following five public figures changed their minds in a big way about the world s first cryptocurrency, Bitcoin. 1. Brian Kelly, CNBC contributor and currency investment advisorHe often voiced concerns about their volatility and potential for use in illegal activities. 5 companies that changed their mind about Bitcoin. Bitcoin is looking stronger than ever and will soon be celebrating its 13th birthday on . Yet, for such a young asset, it sure has suffered its fair share of death.He famously stated that Bitcoin was ""based on nothing"" and preferred the U.S. dollar.

However, his stance seems to have softened somewhat over time.While he hasn't fully embraced Bitcoin, he acknowledges its growing popularity and influence. Influential People Who Changed The World Forever Slavery had been abolished in Britain since 1843 ( The buying and selling of slaves was made illegal across the British Empire in 1807, but owning slaves was permitted until it was outlawed completely in 1833, beginning a process where from 1834 slaves became indentured apprentices to theirHe has also commented on the increasing interest in cryptocurrencies among investors. One of the most prominent figures to change his opinion on Bitcoin is Elon Musk. Initially, he supported it, but later criticized its energy consumption and suspended Bitcoin payments for TeslaWhile he still expresses concerns, his tone has shifted from outright dismissal to a more cautious observation of the market.

What prompted the change?

• The increasing mainstream adoption of cryptocurrencies during and after his presidency.
• The growing awareness of Bitcoin's potential as a store of value.
• Perhaps influenced by the actions of companies like Tesla buying Bitcoin.

Mark Cuban: From ""Bubble"" to Enthusiastic Investor

Mark Cuban, the billionaire investor and owner of the Dallas Mavericks, initially dismissed Bitcoin as a ""bubble"" and likened it to speculative assets with little intrinsic value.He was particularly skeptical about its long-term viability and potential for widespread adoption.

However, Cuban's perspective underwent a significant transformation.He now sees Bitcoin as a legitimate store of value and a viable investment opportunity. Renowned cryptocurrency analyst Fred Krueger challenges the gloomy outlook propagated by notable figures such as Josh Mandel and Arthur Hayes. Krueger speculHe has invested in several cryptocurrency-related startups and even accepts Bitcoin as payment for Dallas Mavericks merchandise. Even though Bitcoin has faced a lot of criticism since it first came out, even the most vocal critics have had to think twice as the market has grown. HereHe's become a vocal advocate for the potential of blockchain technology and its applications beyond cryptocurrency.

The turning points for Cuban:

1. The growing maturity of the cryptocurrency market and the development of more sophisticated investment vehicles.
2. His deeper understanding of blockchain technology and its potential to disrupt various industries.
3. Seeing real-world applications and use cases emerge for Bitcoin and other cryptocurrencies.

Larry Fink: A Gradual Conversion to Bitcoin's Potential

Larry Fink, the CEO of BlackRock, the world's largest asset manager, initially expressed skepticism about Bitcoin, citing concerns about its volatility and lack of regulatory oversight.He questioned its legitimacy as an asset class and its ability to serve as a reliable store of value.

Over time, Fink's view has evolved. Offers may be subject to change without notice. Crypto has finally made its way into the hearts of these staunch billionaire naysayers.He now acknowledges Bitcoin's growing popularity and its potential to become a more mainstream asset. Even though Bitcoin has faced a lot of criticism since it first came out, even the most vocal critics have had to think twice as the market has grown. Here are five people who have changed their minds about crypto assets, from Donald Trump to Mark Cuban. Donald Trump: Bitcoin is very volatile and notBlackRock has even taken steps to explore the cryptocurrency market, including offering Bitcoin-related products to its institutional clients. The price of Bitcoin (BTC) is $93,825.31 today as of, EDT, with a 24-hour trading volume of $9.55B.This gradual acceptance demonstrates a broader trend of institutional investors recognizing the potential of Bitcoin.

Fink's evolving perspective can be attributed to:

• The increasing demand for Bitcoin from BlackRock's institutional clients.
• The growing regulatory clarity surrounding cryptocurrencies.
• The recognition of Bitcoin as a potential hedge against inflation and currency devaluation.

Elon Musk: A Rollercoaster of Opinions on Bitcoin

Elon Musk, the CEO of Tesla and SpaceX, has perhaps had the most volatile and public relationship with Bitcoin. Satoshi Nakamoto, a name shrouded in mystery, stands as the figurehead behind the creation of Bitcoin, the first decentralized digital currency that has revolutionized the financial landscapeInitially, Tesla invested heavily in Bitcoin and even began accepting it as payment for its vehicles, signaling strong support for the cryptocurrency. Still, billionaire and vice-chairman of Berkshire Hathaway, Charlie Munger, remains skeptical, going as far as calling coins like Bitcoin a venereal disease and beneath contempt.Musk's enthusiasm fueled a significant surge in Bitcoin's price.

However, Musk later reversed course, citing concerns about the environmental impact of Bitcoin mining due to its high energy consumption.Tesla suspended Bitcoin payments, causing a sharp decline in its price.Despite this setback, Musk has continued to express interest in other cryptocurrencies, particularly Dogecoin, and has suggested that Tesla might resume accepting Bitcoin in the future if mining becomes more sustainable.

The Elon Musk Paradox:

• Initial support driven by belief in decentralized technology and innovation.
• Concerns about environmental impact leading to a temporary suspension of Bitcoin payments.
• Continued interest in the broader cryptocurrency space and potential for future re-engagement with Bitcoin.

Brian Kelly: A CNBC Contributor's Changing Views

Brian Kelly, a CNBC contributor and currency investment advisor, has also publicly shifted his views on Bitcoin. Rosa Parks, Amelia Earhart, Marie Curie, Gloria Steinem, and Taylor Swift are just some of the women who have become famous for shaping the world as we know it.While specific details of his initial skepticism are difficult to pinpoint without more specific research snippets, his current position is clearly supportive. Cryptocurrencies like Bitcoin have seen tremendous growth since their debut in 2025. Initially launching for only $0.0008 per token, one Bitcoin is now priced at more than $37,000. People haveHis presence as a regular commentator on CNBC discussing Bitcoin and cryptocurrency trends indicates a belief in its relevance and importance in the financial landscape.

His change of heart likely stems from a deeper understanding of Bitcoin's underlying technology and its potential to disrupt traditional financial systems. Meet the top 15 influential figures in the crypto space in 2025. Discover the builders, investors, and regulators driving the future of digital assets.Exposure to the growing adoption of Bitcoin by institutions and individuals, coupled with its increasing acceptance as a legitimate asset class, likely played a significant role in shaping his current, more positive outlook.

Factors Influencing Brian Kelly's Perspective:

• Increased understanding of Bitcoin's technology and its disruptive potential.
• Observing the growing adoption of Bitcoin by institutions and individuals.
• Recognition of Bitcoin's emerging role as a legitimate asset class.

Why the Change of Heart? In this edition of CryptoShout, we're discussing 5 major figures who completely changed their minds about the future of Bitcoin and became personally investeUnderstanding the Underlying Factors

The shift in perspective among these public figures highlights several key factors driving the growing acceptance of Bitcoin:

• Maturing Market: The cryptocurrency market has matured significantly since Bitcoin's early days. News Insights. News and Insights- ; Markets- ; Companies- ; Cryptocurrency- ; Technology- ; Personal Finance-The development of more sophisticated investment tools, regulatory frameworks, and security measures has increased investor confidence.
• Technological Advancements: Ongoing advancements in blockchain technology are addressing concerns about scalability, security, and energy consumption. Even though Bitcoin has faced a lot of criticism since it first came out, even the most vocal critics have had to think twice as the market has grown. Here are five people who have changed their minds about crypto assets, from Donald Trump to Mark Cuban.Layer-2 solutions and alternative consensus mechanisms are making Bitcoin more efficient and environmentally friendly.
• Institutional Adoption: The increasing adoption of Bitcoin by institutional investors, such as hedge funds, pension funds, and corporations, has lent legitimacy to the asset class and attracted broader interest.
• Inflation Hedge: With rising inflation rates and concerns about currency devaluation, Bitcoin is increasingly seen as a potential hedge against economic uncertainty.Its limited supply makes it a store of value similar to gold.
• Decentralization and Financial Freedom: Bitcoin's decentralized nature offers users greater control over their assets and protection from censorship and government interference. Bitcoin operates on a decentralized blockchain, a distributed ledger, ensuring transparent, secure transactions that offer users unparalleled control over their assets. Known as digital gold, Bitcoin s limited supply of 21 million coins makes it highly valuable, appealing to both institutional investors and individuals as a hedgeThis resonates with individuals seeking greater financial freedom and autonomy.

The Ongoing Debate: Skeptics Remain

While many have changed their minds about Bitcoin, it's crucial to acknowledge that skepticism still exists.Prominent figures like Charlie Munger, vice-chairman of Berkshire Hathaway, remain highly critical of Bitcoin, viewing it as a speculative asset with no intrinsic value.Concerns about volatility, regulation, and potential for illicit use continue to fuel the debate. The most popular and trusted Bitcoin block explorer and crypto transaction search engine.The future of Bitcoin will depend on its ability to address these concerns and demonstrate its long-term sustainability.

Investing in Bitcoin: A Word of Caution

Before investing in Bitcoin or any cryptocurrency, it's essential to conduct thorough research and understand the risks involved.The cryptocurrency market is highly volatile, and prices can fluctuate dramatically. 5.6M subscribers in the Bitcoin community. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. UnlikeIt's crucial to diversify your portfolio and only invest what you can afford to lose.Consider these points before investing:

• Do Your Research: Understand the technology, the market dynamics, and the potential risks before investing.
• Diversify Your Portfolio: Don't put all your eggs in one basket.Diversify your investments across different asset classes.
• Manage Your Risk: Only invest what you can afford to lose.Cryptocurrency investments are speculative and can result in significant losses.
• Stay Informed: Keep up-to-date with the latest news and developments in the cryptocurrency market.
• Seek Professional Advice: Consult with a financial advisor before making any investment decisions.

Conclusion: A Shifting Landscape for Bitcoin

The evolution of opinions on Bitcoin among public figures reflects the dynamic nature of the cryptocurrency market.While skepticism remains, the growing acceptance of Bitcoin as a legitimate asset class is undeniable.The factors driving this shift include the maturing market, technological advancements, institutional adoption, and the recognition of Bitcoin as a potential hedge against inflation.The stories of Donald Trump, Mark Cuban, Larry Fink, Elon Musk, and Brian Kelly serve as compelling examples of how minds can change when faced with disruptive innovation.As Bitcoin continues to evolve and mature, it will be fascinating to see how the debate unfolds and how more individuals and institutions embrace its potential.The key takeaway is that continuous learning and adaptability are essential in navigating the ever-changing world of cryptocurrency.