What others say about Cryptos
“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.”
“I regret making” comments saying Bitcoin is a fraud, Dimon said in an interview with the Fox Business network. “The blockchain is real. You can have crypto yen and dollars and stuff like that.”
“Bitcoin’s value is a function of supply and demand; it doesn’t really do anything else. Blockchain is a great platform for future applications.”
Bitcoin critics are “underestimating [it] … It’s like a reserve form of money, it’s like gold and it’s just a store of value. You don’t need to use it to make payments.”
“Bitcoin certainly has been doing well in 2017, rising more than 600% since the start of the year and surpassing $7,000 for the first time. I don’t have an investment in it, but I’m not willing to pooh-pooh it, and that’s why I say I’m open to it.”
“I believe there is still a nontrivial chance Bitcoin goes to zero, but each day it does not, that chance declines as more venture capital flows into the Bitcoin ecosystem and more people become familiar with Bitcoin and buy it.”
CFA Institute added topics on cryptocurrencies and blockchain to its Level I and II curriculums in 2019. “We saw the field advancing more quickly than other fields, and we also saw it as more durable,” said Stephen Horan, Managing Director. “This is not a passing fad.”
“I believe that we are heading into a new age in which blockchain technology is going to provide a significant level of a digital currency that is going to have a consumer application. And I believe that Starbucks is in a unique position to take advantage of that.”
“Not so long ago, some experts argued that personal computers would never be adopted and that tablets would only be used as expensive coffee trays.
So I think it may not be wise to dismiss virtual currencies.”
Countries with “weak institutions and unstable national currencies” may see growing use.
“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: a method whereby on the internet you can transfer funds from A to B without A knowing B or B knowing A — the way in which I can take a $20 bill and hand it over to you, and there’s no record of where it came from.”
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