Leading cryptocurrency Bitcoin is making the biggest revolution in the finance industry in the last hundreds years. Some of you might be still skeptical about Bitcoin and blockchain technology, but many of world leaders, economists, industry experts, CEOs and investors put their words down and said aloud what they really think.
The Bitcoin and Blockchain phenomenon and its power for innovation is inevitable. We were witnesses how TCP/IP changed the Internet, how Napster led the way to peer-to-peer sharing and how Google took a place not just from other internet browsers. Bitcoin and its blockchain technology will push the financial institution to reconsider actual ecosystem of infrastructure.
I put some bitcoin quotes by famous and important people together, so you can spend 5 minutes by reading it and summarizing what the world class people think about bitcoin and blockchain technology.
Co-founder of Microsoft, investor and philanthropist
“Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.” [Source: Bloomberg]
“Bitcoin is a technological tour de force.” [Source: FoxBusiness]
Founder of Virgin Galactic, and 400+ businesses
“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.” [Source: Bitcoin.com]
“Virgin Galactic is a bold entrepreneurial technology. It’s driving a revolution. And bitcoin is doing just the same when it comes to inventing a new currency.” [Source: CNBC]
Former Vice President of the United States
“When bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the bitcoin universe an algorithm replaces the function of the goverment …[that] is actually pretty cool.” [Source: Learning Bitcoin]
Executive Chairman of Google
“[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.” [Source: Newsbtc.com]
Founder of the software and anti-virus company McAfee Associates
“In the long term Bitcoin moves above $500,000 within three years. Bets?” McAfee tweeted on 17 July 2017. In his reply he added that if it doesn’t: “I will eat my d*ck on national television.” [Source: RT.com]
“It is not a speculative investment even though it is being used as such by other people. As Bitcoin network grows the value of Bitcoin grows. As people move into Bitcoin for payments and receipts they stop using US Dollars, Euros and Chinese Yuan which in the long-term devalues these currencies.” [Source: RT YouTube]
Statistician, former trader and risk analyst
“Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative. But I am not familiar with the specific product to assert whether it is the best potential setup. And we need a long time to establish confidence.” [Source: Wikipedia]
Co-Founder of PayPal
“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.” [Source: Cryptocoinnews]
Economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.
“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.”
Co-Founder of Bloq Inc, a contributor to Bitcoin Core, Bitcoin developer
“When I first heard about Bitcoin, I thought it was impossible. How can you have a purely digital currency? Can’t I just copy your hard drive and have your bitcoins? I didn’t understand how that could be done, and then I looked into it and it was brilliant.”
Founder and chairman of the X Prize Foundation
“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.”
American broadcaster and film maker, hosts Keiser Report, a financial program broadcast featuring heterodox economics theories
“Bitcoin is the currency of resistance… If Satoshi had released Bitcoin 10 yrs. earlier, 9/11 would never have happened”
You can also check Cryptocurrency quotes from Hackers Congress, the conference in Prague about financial and economic freedom.
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