Yahoo co-founder Jerry Yang said virtual currencies like Bitcoin will play a key role in the future of the company. He even compared the volatility and technology of Bitcoin to the “early days of the Internet.”
In an interview on the sidelines of the Fortune Global Forum held in China late 2017, Yang said that Bitcoin and other digital currencies like Ethereum, Litecoin and Dash are the future of the financial system, even if they are not there yet.
“Bitcoin as a digital currency is not there yet People do not use it to make transactions People use it as an investable asset Personally, I believe in where digital currency can play a role in our society, especially with regard to not only the initial part of the transactions, but also the background of creating a much more efficient system and a much more verifiable system “.
More positive comments on Bitcoin and other virtual currencies
Despite some criticisms and doubts against Bitcoin and other crypto-currencies, there are some luminaries of technology like Yang who support and believe their potential.
Among the believers, Apple’s co-founder, Steve Wozniak, said he sees Bitcoin as a digital currency “more authentic and real” than the US dollar and better than gold as a store of value.
In an email interview with Cointelegraph, entrepreneur and investor Jonha Richman shares that she believes in the potential of Bitcoin and cryptocurrencies in general. In fact, like Yang, she believes that more and more traditional money will flow into Bitcoin in the coming months, as cryptocurrencies slowly begin to hit the long-awaited mainstream adoption.
With these positive declarations on virtual tokens, the number of people attracted by the cryptocurrency market continues to grow. In fact, Bitcoin recently reversed Visa’s market capitalization with its last high price.