15 Quotes on Blockchain and Cryptocurrency That Will Make You Believe

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Cryptocurrency, together with its underlying technology known as blockchain, have both been touted by many entrepreneurs and visionaries as two of the most innovative tools created in this era.

Digital currency’s time in the spotlight grew brightest in early 2013 when bitcoin’s dollar equivalent peaked at $266 per unit. At that time, the recorded total market value of bitcoins was pegged at over $2 billion. Soon enough, blockchain also rose in popularity well beyond the tech circle.

Blockchain technology, in particular, has been found useful in different sectors other than FinTech. It’s gradually making its way into influencing ecosystems in various business industries like healthcare, the art s, and many more.

Both cryptocurrency and blockchain have seen a steady increase of supporters through the years, as evidenced by the many famous personalities who advocate for these technologies. Tech entrepreneurs like venture capitalist twins Tyler and Cameron Winklevoss, famed for filing a lawsuit against Facebook founder Mark Zuckerburg, are tagged as the first-ever bitcoin billionaires in the industry. Their initial bitcoin investment amounting to $11 million grew into $1 billion. The pair has also created their very own digital currency exchange called Gemini.

Award-winning recording artist Imogen Heap advocates blockchain technology’s application in the music industry. She has been consistently working on Mycelia, a blockchain project that has launched a ‘Creative Passport’ for musicians that could solve a host of relevant issues for musicians and benefit them in two major ways: first, in helping safeguard their music’s respective copyright ownerships, and second, in ensuring that the revenue goes directly to the artists.

Cryptocurrency, as well as blockchain, also have their fair share of critics. Some economists, along with old school capitalists who have built their wealth in more traditional ways, remain critical of cryptocurrency. One of them is well-known American businessman Warren Buffet, who has referred to cryptocurrency as a “ mirage.”

We have compiled a list of cryptocurrency quotes and blockchain quotes-the good, the bad, and everything in between. See how digital currencies and blockchain could greatly impact our means of transaction in various ways.

Check out the full infographic on our blog.

“Bitcoin is a technological tour de force.” Bill Gates, co-founder of Microsoft, investor, and philanthropist

“It’s money 2.0, a huge, huge, huge deal.” Chamath Palihapitiya, venture capitalist, CEO of Social Capital, and former head of AOL instant messenger

“There are 3 eras of currency: Commodity based, politically based, and now, math based.”Chris Dixon, Co-founder of Hunch now owned by eBay, Co-founder of SiteAdvisor now owned by McAfee

“Blockchain technology could change our world more than people imagine. Bitcoin, however, could be a bubble.” Jack Ma Yun, co-founder of Alibaba, investor, philanthropist

“When bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguard. I think the fact that within the Bitcoin universe, an algorithm replaces the functions of [the government] is actually pretty cool.” — Al Gore, former Vice President of the United States of America.

“The bigger thing with bitcoin is not bitcoin itself, but what does that decentralized technology really do?” — Ashton Kutcher, actor, entrepreneur

“Blockchain has catapulted the music industry to think differently as so many other industries are already doing.” — Imogen Heap, award-winning musician, founder of Mycelia

“I love how new technology makes our lives easier, and to me that’s exciting. Bitcoin unites my fans around the world using one currency.” — Mel B, British recording artist

“Just as it got easier to use email, it will be easier to use Bitcoin as people invest in it and become more familiar with it.” — Gavin Andresen, Bitcoin Core Developer

“I think that blockchain and crypto could be the savior for Africa in many ways because it brings the power back to the people, and brings the security back into the currency system, and also allows the people to utilize it in ways where they can advance themselves, and not allow government to do those things that are keeping them down.” — Akon, singer, songwriter, record producer, entrepreneur, and philanthropist

“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.” — Peter Thiel, Co-Founder of PayPal

“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.” — Richard Branson, Founder of Virgin Records, investor, and philanthropist

“It’s a bubble that’s going to give a lot of people a lot of exciting times as it rides up and then goes down,” — Joseph Stiglitz, Economist

“Stay away from it. It’s a mirage, basically.” — Warren Buffet, Chairman of Berkshire Hathaway, businessman, speaker, and philanthropist

“The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.” — , Chief Executive of JP Morgan Chase & Co.

We have seen a number of staunch advocates, naysayers, as well as people who have lukewarm opinions on crypto as well as blockchain. One thing we should seriously consider as we weigh in on the subject is that many of crypto and blockchain’s harshest critics come from traditional banking and financial backgrounds, who probably see the emergence of these innovations as a threat to established institutions. Also, it is important to note that many good things have been born out of differences of opinion. With the way things are shaping when it comes to expert insights on the future of cryptocurrency, it looks like blockchain technology and cryptocurrencies are here to stay.

Originally published at https://noahcoin.org on September 23, 2019.

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