Billionaires are backing Bitcoin over gold … but some say Ethereum is even better

Following JPMorgan (NYSE:JPM) CEO Jamie Dimon’s recent comments that Bitcoin is worthless, two well known billionaires have leapt to its defense — although both of them say Ether has some even more desirable properties.

During an interview with CNBC’s Squawk Box on Oct. 13, Barry Sternlicht, the co-founder of Starwood Capital Group said that gold was actually “worthless” and he is hodling Bitcoin (BTC) because every government in the “western hemisphere” is printing endless amounts of money.

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