Yahoo Co-Founder Faithfully Supports Bitcoin Technology.
Jerry Yang, co-founder of Yahoo, said in the framework of the Fortune Global Forum in China, that digital currencies will play an important role in the future of society, even though Bitcoin is not there yet. In addition to established parallels with the volatility of Bitcoin and the technological actions of the beginnings of the Internet. He chose to talk about Bitcoin as a currency instead of the narrative of its value at a time when the BTC price reaches new records.
“I personally am a believer in where digital currency can play a role in our society. Especially in, not only the front end of doing transactions but also in the backend of creating a much more efficient system and a much more verifiable system.” In addition: “Bitcoin as a digital currency is not quite there yet,” he told CNBC. “People are not using it to transact. People are using it as an investable asset.”
The founder of Apple, Steve Wozniak, commented similarly to Yang on cryptocurrencies, especially Bitcoin, saying that it is more genuine and real than the US dollar and superior to gold as a store of value. Yang added that for now it seems that Bitcoin is more driven by the exaggeration of investment, instead of using it as a transaction currency. However, the opinions of different personalities linked to the new technologies on Bitcoin contrast sharply with the head of JPMorgan, Jamie Dimon, who labeled Bitcoin as a fraud and worthless, these comments were issued by the banker in 2015 when Bitcoin was quoted at $ 300, coincidentally yesterday the price of BTC helped boost the entire cryptocurrency market before the $ 360 billion JPMorgan.
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