Last week, the price of Bitcoin reached six figures for the first time since February. Will it stay above $100,000 this time? No one knows.
Wall Street’s most prominent thought leaders have sharply differing outlooks on cryptocurrency. Here are some of the latest thoughts from Berkshire Hathaway’s Warren Buffett, J. P. Morgan Chase’s Jamie Dimon, ARK Invest’s Cathy Wood, and BlackRock’s Larry Fink on the future of digital assets.
Larry Fink
“The U.S. has benefited from the dollar serving as the world’s reserve currency for decades. But that’s not guaranteed to last forever… If the U.S. doesn’t get its debt under control, if deficits keep ballooning, America risks losing that position to digital assets like Bitcoin.”
— From the 2025 BlackRock letter to shareholders
Bullish or bearish on crypto: Bullish.
Bitcoin price prediction: $500,000 to $700,000.
Larry Fink is the CEO of BlackRock, the world’s largest investment management firm. BlackRock is the issuer of one of the 12 spot Bitcoin ETFs currently on the market, the the iShares Bitcoin Trust (IBIT).
During a Jan. 2025 discussion at the World Economic Forum in Davos, Switzerland, Fink said that Bitcoin could serve as a global safe haven asset during times of volatility in specific countries or regions. He said that many institutional investors, such as sovereign wealth funds, are considering investing in Bitcoin, and speculated that its price could rise into the high six figures if this became a common practice.
Warren Buffett
“If you told me you own all of the Bitcoin in the world and you offered it to me for $25, I wouldn’t take it because what would I do with it? I’ll have to sell it back to you one way or another. It isn’t going to do anything.”
— At the 2022 Berkshire Hathaway shareholders’ meeting
Bullish or bearish on crypto: Bearish.
Bitcoin price prediction: None.
Berkshire Hathaway chairman Warren Buffett may be one the most successful investors of all time, but his methods are very simple: Buffett is a value investor who buys shares of companies whose products he is familiar with. Before Berkshire started buying shares of Apple (AAPL) and Amazon (AMZN) in the late 2010s, Buffett even avoided tech stocks due to his lack of personal knowledge about the sector.
Buffett has yet to say anything nice about crypto. He called it “rat poison” in 2018, and doubled down on his disdain at Berkshire’s 2022 shareholders’ meeting. We’ve found no record of him addressing the topic since. But it’s worth noting that since 2021, Berkshire has been a shareholder in a Brazilian digital banking company called Nu Holdings (NU), which operates a crypto payment and exchange platform along with other online financial products.
Cathie Wood
“We have a million more coins, roughly, to be minted — ever — and institutions are just testing the waters right now. And then there’s the emerging market use cases as well. So we think we have miles to go.”
— From a May 2025 interview with CNBC
Bullish or bearish on crypto: Bullish.
Bitcoin price prediction: $700,000 to $1.5 million by 2030.
Cathie Wood is the CEO of ARK Invest, a technology-focused investment management firm. ARK’s flagship fund, the ARK Innovation ETF (ARKK) has returned more than double the performance of the S&P 500 index over the last year. ARK is also the issuer of a spot Bitcoin ETF, the ARK 21Shares Bitcoin ETF (ARKB).
Wood has previously forecasted a Bitcoin price of $500,000 by 2030, but upped that prediction in a recent interview with CNBC. She cited institutional interest in Bitcoin, its potential uses as an international payment method, and its potential to replace gold as a store of value as reasons for her bullishness.
Jamie Dimon
“So, I just don’t feel great about Bitcoin. I applaud your ability to wanna buy or sell it. Just like I think you have the right to smoke, but I don’t think you should smoke.”
— From a Jan. 2025 interview with CBS News
Bullish or bearish on crypto: Bearish.
Bitcoin price prediction: None.
J. P. Morgan Chase CEO Jamie Dimon is another longtime critic of Bitcoin. He has called it a “fraud” and a “terrible store of value” at various points in the last decade. Earlier this year, he compared it to tobacco — adults have the right to buy it, but that doesn’t mean it’s good for you.
However, much like Buffett, there’s somewhat of a disconnect between Dimon’s public statements on crypto and his business’s exposure to it. J. P. Morgan Chase is involved in the administration of BlackRock’s spot Bitcoin ETF.
Should you invest in crypto based on the opinions of Wall Street billionaires?
These quotes alone are not a good reason to invest (or not invest) in crypto. And arguably, all four of these billionaires’ statements on crypto should be taken with a grain of salt.
Dimon and Buffett are vocal critics of Bitcoin, yet the companies they run have some degree of exposure to it. Conversely, Wood and Fink both run companies that issue Bitcoin ETFs, and thus have a vested interest in crypto doing well. Their opinions shouldn’t be taken as investment advice, but rather as a way to gauge institutional attitudes on crypto.
Wood and Fink’s price targets may sound lofty, but it’s worth remembering that Bitcoin was worth less than a tenth of its current price at the start of 2020. Could its price increase another five, seven or fifteen-fold by 2030? Only time will tell.
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The author owned Bitcoin at the time of publication.