From Bitcoin critics to blockchain believers: The 5 biggest crypto backflips
Several prominent crypto skeptics have shifted, at least in practice, from rejecting digital assets to building products around them. Larry Fink moved from calling Bitcoin an “index of money laundering” to backing BlackRock’s spot Bitcoin ETF push and advocating tokenization. Jamie Dimon still attacks Bitcoin publicly, but JPMorgan has become a major blockchain infrastructure provider through Onyx, JPM Coin, and tokenized collateral systems. Peter Schiff keeps warning about Bitcoin but launched a tokenized gold platform, T-Gold.com, tying blockchain rails to physical metals. Nouriel Roubini still condemns most crypto, yet co-authored a whitepaper for USAFi, a regulated tokenized instrument tied to the “Technodollar.” Donald Trump also shifted from calling Bitcoin a scam to embracing a “crypto president” identity, launching NFTs and meme coins while courting the industry’s political and financial support. The common thread is a mix of genuine rethinking, institutional demand, and strong incentives to capture new markets and fees.
