Yahoo Co-Founder Jerry Yang Believes in Bitcoin And Is Superior To Gold
Although some financial institutions, bank CEOs and even central banks have criticised bitcoin for its volatility, the lack of control and regulation, there are many others who support the cryptocurrency. Among them is the co-founder of Yahoo, Jerry Yang.
Yang stated that cryptocurrencies, including Bitcoin, will play an important role in the future of the society. Yang believes that bitcoin is not "quite there yet", but this does not mean that it will not happen in the future. Yang made all these statements during an appearance at the Fortune Global Forum in China.
Yang focused his talk on the role of bitcoin as a currency, and did not focus on the impressive growth or the high price of bitcoin, which reached the $15,000 price range. Yang stated:
He also went on to add that this might not be the moment for bitcoin to play this role:
Steve Wozniak says bitcoin is superior to gold
His views were also shared by the co-founder of another tech giant, Steve Wozniak, who recently said that bitcoin could be better than the US dollar. Wozniak also managed to draw a lot of interest by saying that bitcoin is also superior to gold when it comes to store of value.
So, besides many bitcoin skeptics, there are also a lot of defenders who genuinely believe in the future of bitcoin as a currency and a good option to store value.