BTC to be Main Coin Forever, PayPal Co-Founder Thinks

Peter Thiel, co-founder of PayPal, had a long speech at Economic Club Of New York 
16 March 2018   347

Venture capitalist and co-founder of PayPal Peter Thiel explained why he makes a "long" bet on bitcoin, during his speech at the meeting of the Economic Club in New York this Thursday. This is reported by CNBC.

In his opinion, bitcoin has all chances to become an asset that investors can use to protect their capital, that is, the new gold of the era of digital technologies

I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you'd bet on would be the biggest.
 

Peter Thiel

Co-founder, PayPal

At the same time, Thiel noted that for everyday calculations, bitcoin is not yet suitable. First of all, the crypto currency should be considered as a hedging instrument, which does not carry the systemic risks of traditional financial instruments.

I'm not talking about a new payments system. It's like bars of gold in a vault that never move, and it's a sort of hedge of sorts against the whole world going falling apart.
 

Peter Thiel

Co-founder, PayPal

He also noted that most of the qualities for which investors value gold are inherent in bitcoin. Moreover, most of the arguments against bitcoin will be fair for gold, he said.

Australia joins the crypto-discussions arena with Bitcoin & Blockchain Fair

The inaugural Bitcoin and Blockchain Fair will be presented at the Sydney Showgrounds on May 12-13 with an all-round program about cryptocurrency and blockchain
21 April 2018   24

A high profile event in cryptocurrency and blockchain is coming to Sydney, Australia on May 12-13 – Bitcoin and Blockchain Fair. The conference will provide a platform to interact and discuss on all areas of the cryptocurrency and blockchain technology sectors (fintech, investment, venture capital, regulation, ICO, etc.), current opportunities and perspectives in the form of a Forum and an Exhibition Showcases.

The Exhibition Showcase that will allow to exhibit showcases and engage with crypto services providers, government and fintech startups. Forum is the bulk of the conference and is comprised of 2-day sessions to allow international speakers and industry leaders of the crypto and blockchain sectors a chance to share their expertise. May 12 is focusing on cryptocurrency and ICO engagement; May 13 wil cover blockchain technology overview, case studies, solutions and future trends.

The fair is organized by ABF Business and Principal Sponsor Coinspot. Exhibitors and Speakers include attendees from Asia, Europe and USA together with key Australian high profile crypto & blockchain enterprises. The full agenda of the event can be found here.