Why Billionaire Investor Reid Hoffman Is Betting Big on Bitcoin

“Once I started really digging into it, I came to realize that there are three aspects to Bitcoin that are interwoven and Bitcoin is most interesting because of them. They are: One, it’s an asset, like digital gold 2.0. Two, it’s a currency in as much as currency is like the digital app that allows you to begin to transact and trade. And, three, it’s also a platform where you can build financial and other products on top of it. These attributes all bound together are what convinced me that there’s a certainty that there will be at least one global cryptocurrency and that there’s a good argument that it’s Bitcoin, or that Bitcoin is one of them, if not THE one. And, if Bitcoin isn’t that global cryptocurrency, than something else will be.

I think that a global cryptocurrency that is an asset, a currency and a platform, is pretty essential for good progress in what we can do when it comes to building products and services, banking the unbanked in the third world and creating effective commerce across borders, among other things.”

Source: Why Billionaire Investor Reid Hoffman Is Betting Big on Bitcoin

OODA Analyst

OODA Analyst
