What is the view of famous people about cryptocurrencies? We have selected the best quotes from remarkable people in various fields, and below we will see what they have to say about the invention of cryptocurrencies, Bitcoin, and blockchain technology.
“I think the internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing but that will soon be developed, is a reliable e-cash.”
– Professor Milton Friedman, a Nobel Prize winner in economics
It is interesting to read this famous quote once you realize that Mr. Friedman died on November 16, 2006, so 2 years before Bitcoin was even launched.
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“Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential.”
– Marc Kenigsberg, the founder of BitcoinChaser.com
Marc is one of the world’s most prolific ICO advisor and Bitcoin spokesman, today he is a host of The Conversation podcast where he discusses the usage of blockchain in everyday life.
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“As the value goes up, heads start to swivel and skeptics begin to soften. Starting a new currency is easy, anyone can do it. The trick is getting people to accept it, because it is their use that gives the “money” value.”
– Adam B. Levine, the founder of Let’s Talk Bitcoin, CEO at Tokenly
Adam destroys the knowledge barriers of blockchain technology and brings it relatable to mainstream consumers.
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“I love seeing new services constantly starting to accept Bitcoin. Bitcoin is really becoming “the currency of the Internet.” I’m most concerned by possible government reactions to Bitcoin. They can’t destroy Bitcoin, but they could really slow things down by making exchange much more difficult.”
– Michael Marquardt, a co-founder of the World Institute of Action Learnin
Dr. Michael Marquardt is a Professor of Human Resource Development and International Affairs as well as Program Director of Overseas Programs at George Washington University.
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“Bitcoin will do to banks what email did to the postal industry”
– Rick Falkvinge, Founder of the Swedish pirate party
A Swedish information technology entrepreneur, Rick, started exploring bitcoin and its effects on society’s economy since 2011 and is now heavily involved with Bitcoin Cash.
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“Bitcoin is a technological tour de force.”
– Bill Gates, the principal founder of Microsoft
This wealthiest man on earth, Bill Gates, probably needs no introduction. The principal founder of Microsoft and one of the greatest minds has a deep passion for Bitcoin and blockchain technology. It is estimated that he owns around 100,000 Bitcoins.
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“It’s money 2.0, a huge huge huge deal.” –
Chamath Palihapitiya
Chamath, a venture capitalist, who purchased his first Bitcoins when they worth of about $100 is recognized as one of the biggest early investors in bitcoin. The fact that the former Facebook executive still believes in the potential of Bitcoin is more than obvious from the speeches he makes. In one of the most recent interviews with CNBC, he stated that Bitcoin could very realistically reach the $100,000 benchmark in the next three to four years.
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“Well, I think it is working. There may be other currencies like it that may be even better. But in the meantime, there’s a big industry around Bitcoin. — People have made fortunes off Bitcoin, some have lost money. It is volatile, but people make money off of volatility too.”
Richard Branson, Founder of Virgin Galactic, and 400+ businesses
Sir Richard Charles Nicholas Branson is an English business magnate, investor, and philanthropist. The well-known British billionaire and bitcoin proponent has millions of dollars in Bitcoin and is a huge supporter of blockchain technology. How cool sir Richard is can also prove the fact that he owns an island, the Necker Island.
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“[Bitcoin] is a remarkable cryptographic achievement… The ability to create something which is not duplicable in the digital world has enormous value…Lot’s of people will build businesses on top of that.”
Eric Schmidt, Executive Chairman of Google
Known as the Executive Chairman of Google and Alphabet Inc., Eric Schmidt, further continued speaking at the Computer History Museum “The bitcoin architecture, literally the ability to have these ledgers which can’t be replicated, is an amazing advancement,”. Eric is another billionaire who is not so certain with the implementation of Bitcoin but rather believes in blockchain technology that stands behind it.
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“PayPal had these goals of creating a new currency. We failed at that, and we just created a new payment system. I think Bitcoin has succeeded on the level of a new currency, but the payment system is somewhat lacking. It’s very hard to use, and that’s the big challenge on the Bitcoin side.”
Peter Thiel, a Co-Founder of PayPal
Peter Thiel, a Co-Founder of PayPal and an early Facebook investor is of the opinion that people are “underestimating” bitcoin and compared the digital currency to gold. As the co-founder of Founders Fund, he invested in mid-2017 around $20 million in bitcoin which is now worth of about $100 million. As the news of this massive purchase was introduced to the public in January 2018, the Bitcoin price spiked.
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Conclusion:
As you can see, many great minds think alike. This does not mean, however, that there are no famous people who think that cryptocurrencies are a fraud. From my own research, the comments about the
technology and the impact that cryptocurrencies can have on our future financial system and on our daily lives are mostly positive.