He is the richest man already why would he need more money in the first instance. Is it possible for someone to be richer than the richest. He has made his money  already and if he invests, its to make more money which won't make any difference to his with rather the people whom an $10000 would mean the world  for should be concerned about bitcoin.

His argument about not supporting bitcoin is more or less apolitical because a lot of rich people from that end does not have independence from government because his riches is at the mercy of government which therefore means any thing against government position from his mouth is a call for trouble. He might actually be into bitcoin but saying it in a live interview is a no go area.

Just leave them they're rich people just let them what ever they're saying and watch your self.  So what if they won't invest with bitcoin. That's not matter we can still survive without them. Same as china they banned the use of bitcoin but still bitcoin user invest with bitcoin and earn a lot profit Those peoples are not really aware about the power of bitcoins.

any person have an own freedom to speak what is their priceple's in life we can't push them to accept bitcoin right away give them some time what is the importance of bitcoin.

Won't invest in bitcoin, but invest a capital to company that using bitcoin to develop to earn the profit,I see many online wallet is given capital from rich man that trading fiat currency, , maybe they still beleive that fiat currency more valuable. Rich men are free to choose what kind of invest they wanted. CMIIW

Well, turns out this is a lesson for me not to speculate about a country where the king is everything and his decisions are absolute.

Even if you're family, even if you're the richest man in the country and the whole middle east you can end in prison in a blink.
https://www.theguardian.com/world/2017/nov/05/alwaleed-bin-talal-billionaire-saudi-prince-at-centre-of-corruption-purge

Of course, the prison turns out to be a room in a 5 star hotel, but the message is clear.
He will probably have to turn most of his wealth to other family members so he won't have 55 Ferraris, only 5.

Seems like the new prince is really trying to change some of the old habits.
Might be something there even about cryptos, god knows.

 

The one thing you have to remember about people from conservative communities ( especially islamic ones) is that they are used to a specific way of doing things. The if it ain`t broke don`t fix it model is very strong there, thus being open even to the idea of new thins like crypto currencies and  ICO`s is something unconsiderable. At the worst case you get some islamic people with maybe a lot money not investing in your crypto stuff, but that doesn't make this guys biased opinion an opinion to follow and base your choices on, especially since he is probably born rich.

Exactly. The richest man in the world can choose not to invest in bitcoin and it's their choice and right not to. They have the liberty to do what they want, we can't force bitcoin to everyone. Even if they're rich and influential, bitcoin would still go on even without them investing. I think that Saudi is still a very conservative and traditional country. From my understanding, they still practice and kept a lot of their old traditions so they're still probably not that liberated or open to new developments such as bitcoin. Some are just scared of something as decentralized as bitcoin just because it is not regulated and cannot be controlled. We all have our own personal views and investment preferences. We shouldn't take it against him and instead just continue to support bitcoin despite remarks like this. Perhaps they're already too rich that they're no longer interested to invest even further and get even more rich.

it is their perspective, I think it's fine if they say it like that. Because according to them bitcoin not yet legal in the eyes of government. Maybe they want a regulated business and under government control. But we'll see for the next few years whether they will change their thinking about bitcoin, because bitcoin will continue to grow because of the encouragement of many people.

Well, also Warren Buffed didn't believe in Bitcoin.. also many othergreat people say that.. and we can see how btc still running

Agree Real and initial users of BTC adobt BTC not because they expect it to grow or something. But their motive is to make Peer to peer transaction without the interference of any third party. Features like Transaction privacy and anonymity make it quite famous among the people. And rest is the history.