While a lot of investors worry about the cryptocurrency bubble status, Overstock.com CEO Patrick Byrne said why he’s so confident about succesful crypto-future, during an appearance on FOX Business’ “Mornings with Maria.”
You think that’s a bubble? What do you think that fiat currency you carry around in your purse is? This dollar stuff, it’s just some fiat currency based on … the surplus taxing authority of the U.S. Treasury of which I assert there is zero ... It’s about time the world switches to real money. Either gold or bitcoin.
Overstock.com was the first web-service which began to use bitcoin.
There are also some handful companies, that support cryptocurrency movement from the very beginning, including Expedia, Dish Network and Starbucks by way of the Fold app.
However, some of the world’s main leaders have criticized cryptocurrency over lack of regulation.
For example, Jamie Dimon, the CEO of JPMorgan Chase, said that bitcoin is nothing but a “fraud”.
Laurence Fink, the chairman and CEO of BlackRock, an American multinational investment management corporation has called bitcoin an “index for money laundering.”