Starwood Capital billionaire CEO Sternlicht, having an investment firm with over $95 billion under management, has recently revealed that he has invested in cryptos. 
<h2>Sternlicht of Starwood Admits He's Invested in Cryptos </h2>
He explained, "The U.S. government, along with every other major government in the Western Hemisphere, is issuing currencies now to the end of time. The printed money is a finite amount that can be traded globally."

In <a href="https://www.cryptoknowmics.com/news/forbes-30-under-30-list-includes-15-crypto-leaders/">Forbes</a>' list of billionaires' point of view, Sternlicht's net worth as of Oct. 14 is $4.4 billion. Starwood Capital Group's spokesperson - Barry Sternlicht said, "Around 2-3% of my net worth is invested in the digital asset, i.e., cryptocurrency."

It was on Friday when <a href="https://www.bnnbloomberg.ca/starwood-s-sternlicht-says-2-3-of-his-net-worth-is-in-crypto-1.1690998">Barry</a> was interviewed. At a Bloomberg event Friday in Miami he claimed, "Bitcoin is a smart insurance for investors in a world that just 'prints money." He further added, "Even if my investment in Crypto goes to zero, it won't hurt me."
<h2>Interested in blockchain technology</h2>
Moreover, Sternlicht noted, "Lately I've become highly interested in blockchain technology as a whole." Eying on the technology transforming everything in the future, he believes, "We're probably on the winning side."

Sternlicht also expressed his expectations to see pressure by the political economy on commodities from the U.S. stimulus package. At present, the United States is aggravating the housing shortage and driving up rents. <a href="https://www.cryptoknowmics.com/news/miami-mayor-endeavors-to-broaden-use-of-cryptos-after-taking-payment-in-bitcoin/">Miami</a> Beach-based Starwood has about $100 billion under real estate executives, debt, and energy assets.

Starwood's Sternlicht Declares 2-3% of His Net Worth is Invested in Cryptos

Starwood Capital billionaire CEO Sternlicht, of a firm with over $95 billion under management, has recently revealed that he has invested in cryptos. 

Gitumani is a blockchain enthusiast as she keeps a tab on the recent happenings pertaining to the crypto industry. She aims to provide quality content in blockchain and crypto domain. She is a financial content writer too and has worked on several financial projects related to the stock market news, fundamental research, and technical analysis for several websites.

Starwood's Sternlicht Declares 2-3% of His Net Worth is Invested in Cryptos

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