Famous faces that believe in Bitcoin

Bitcoin has been one of the huge talking points of the last couple of years, and is a topic of debate between famous faces. Some say to stay well clear, and some put faith in that bitcoin will change how currency is used in this modern day. Below is a list of famous faces that believed in Bitcoin: Bill Gates Co-founder of Microsoft, investor and philanthropist “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.” [Source: Bloomberg] “Bitcoin is a technological tour de force.” [Source: FoxBusiness] Richard Branson Founder of Virgin Galactic, and 400+ businesses “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.” [Source: Bitcoin.com] “Virgin Galactic is a bold entrepreneurial technology. It’s driving a revolution. And bitcoin is doing just the same when it comes to inventing a new currency.” [Source: CNBC] Al Gore Former Vice President of the United States “When bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the bitcoin universe an algorithm replaces the function of the goverment …[that] is actually pretty cool.” [Source: Learning Bitcoin] Eric Schmidt Executive Chairman of Google “[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.” [Source: Newsbtc.com] John McAfee Founder of the software and anti-virus company McAfee Associates “In the long term Bitcoin moves above $500,000 within three years. Bets?”McAfee tweeted on 17 July 2017. In his reply he added that if it doesn’t: “I will eat my d*ck on national television.” [Source: RT.com] “It is not a speculative investment even though it is being used as such by other people. As Bitcoin network grows the value of Bitcoin grows. As people move into Bitcoin for payments and receipts they stop using US Dollars, Euros and Chinese Yuan which in the long-term devalues these currencies.” [Source: RT YouTube] Nassim Taleb Statistician, former trader and risk analyst “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.” [Source: Wikipedia] Peter Thiel Co-Founder of PayPal “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.” [Source: Cryptocoinnews] Milton Friedman Economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy. “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.” Jeff Garzik Co-Founder of Bloq Inc, a contributor to Bitcoin Core, Bitcoin developer “When I first heard about Bitcoin, I thought it was impossible. How can you have a purely digital currency? Can’t I just copy your hard drive and have your bitcoins? I didn’t understand how that could be done, and then I looked into it and it was brilliant.” Peter Diamandis Founder and chairman of the X Prize Foundation “At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.” Max Keiser American broadcaster and film maker, hosts Keiser Report, a financial program broadcast featuring heterodox economics theories “Bitcoin is the currency of resistance… If Satoshi had released Bitcoin 10 yrs. earlier, 9/11 would never have happened” Image Sources: Flickr