Former Prudential Financial chairman George Ball was initially opposed to Bitcoin and the cryptosphere in general.
The Wall Street veteran has often criticized digital currency, but in the past year, this businessman's attitude towards BTC began to change. Ball was recently interviewed by Yahoo Finance in which he recognized the great potential of Bitcoin.
The businessman said: "I have never said this before, as I have always been against bitcoin and blockchain. But if you look now, you can see that governments will not be able to stimulate the markets forever, and the injection will still end."
The result of such a policy will be a liquidity crisis, which countries will no longer be able to overcome with the help of old instruments. This task can be solved by cryptocurrencies that have independence.
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Last August, George Ball admitted for the first time that investors could protect their capital by investing in bitcoin. However, he has just begun to openly point out the strengths of digital assets, and above all, bitcoin.
Note that there are still many opponents of BTC among Wall Street veterans. Among them can be distinguished as banker Jamie Dimon, and an ardent supporter of gold, Peter Schiff.
The latter periodically criticizes Bitcoin on Twitter and encourages investors to buy the precious metal, not a cryptocurrency.