We have chosen some of the most inspiring quotations from successful entrepreneurs, businessmen, and influencers across all fields. Here’s what they have to say about the invention of cryptocurrency, Bitcoin, and blockchain technology.
“I think 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.”
– Professor Milton Friedman, a Nobel Prize winner in economics
Once you realize that Mr. Friedman passed away on November 16, 2006—two years before Bitcoin was ever invented—it is remarkable to read this famous quote.
“Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential.”
– Marc Kenigsberg, the founder of BitcoinChaser.com
As one of the most well-known ICO advisors and Bitcoin advocates in the world, Marc now works as the host of The Conversation podcast, where he talks about how blockchain technology is used in daily life.
“As the value goes up, heads start to swivel and skeptics begin to soften. Starting a new currency is easy, anyone can do it. The trick is getting people to accept it, because it is their use that gives the “money” value.”
– Adam B. Levine, the founder of Let’s Talk Bitcoin, CEO at Tokenly
Adam removes the knowledge barriers of blockchain technology and brings it relatable to mainstream consumers.
“I love seeing new services constantly starting to accept Bitcoin. Bitcoin is really becoming “the currency of the Internet.” I’m most concerned by possible government reactions to Bitcoin. They can’t destroy Bitcoin, but they could really slow things down by making exchange much more difficult.”
– Michael Marquardt, a co-founder of the World Institute of Action Learning
At George Washington University, Dr. Michael Marquardt teaches human resource development and international affairs and serves as the department’s program director for overseas programs.
“Bitcoin will do to banks what email did to the postal industry”
– Rick Falkvinge, Founder of the Swedish pirate party
Rick, a Swedish information technology entrepreneur, began investigating bitcoin in 2011 and its impact on the society’s economy. He is now deeply involved with Bitcoin Cash.
“Bitcoin is a technological tour de force.”
– Bill Gates, the principal founder of Microsoft
Bill Gates, the richest man on the planet, probably doesn’t need an introduction. One of the greatest minds in history and the primary founder of Microsoft has a strong passion for Bitcoin and blockchain technology. He reportedly holds about 100,000 Bitcoins.
“It’s money 2.0, a huge huge huge deal.” –
– Chamath Palihapitiya
One of the greatest early investors in bitcoin was Chamath, a venture capitalist who bought his first bitcoins when they were worth roughly $100.
“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 Galactic, and 400+ businesses
The well-known British billionaire, and bitcoin proponent also has millions of dollars invested in the blockchain technology.
“[Bitcoin] is a remarkable cryptographic achievement… The ability to create something which is not duplicable in the digital world has enormous value… Lot’s of people will build businesses on top of that.”
Eric Schmidt, Executive Chairman of Google
“The bitcoin architecture, literally the ability to have these ledgers which can’t be replicated, is an amazing advancement,” stated Eric Schmidt, known as the Executive Chairman of Google and Alphabet Inc., in his speech at the Computer History Museum.
“PayPal had these goals of creating a new currency. We failed at that, and we just created a new payment system. I think Bitcoin has succeeded on the level of a new currency, but the payment system is somewhat lacking. It’s very hard to use, and that’s the big challenge on the Bitcoin side.”
Peter Thiel, a Co-Founder of PayPal
Peter Thiel, believes that people are “underestimating” bitcoin and has compared it to gold. He invested $20 million in bitcoin as the co-founder of Founders Fund in the middle of 2017, and it is now worth about $100 million. In January 2018, the price of Bitcoin increased as soon as the public heard about this massive purchase.
As you can see many great minds think alike. That doesn’t imply, though, that famous people don’t think cryptocurrencies to be a scam. But from what I have gathered there are mostly positive comments about the technology and the impact it can have on the financial system and our everyday lives. Do you agree with the quotes above? If so, which one do you like the most? Share your opinions with us in the comment section below.