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Bitcoin, Other Cryptocurrencies Will Play a Key Role in Society According to Yahoo's Jerry Yang

Yahoo's co-founder Jerry Yang asserted that virtual currencies like Bitcoin will play a key role in the future of society. He even compared the volatility and technology of Bitcoin to the "early days of the Internet."

In an interview on the sidelines of the Fortune Global Forum held in China late 2017, Yang said that Bitcoin and the other digital currencies like Ethereum, Litecoin and Dash are the only The future of the financial system, although they are not yet there.

"Bitcoin as a digital currency is not there yet.People do not use it to make transactions.People use it as an investable asset Personally, I believe in the place where digital currency can play a role in our society, especially with regard to not only the beginning of transactions, but also the creation of a much more efficient and effective system. A much more verifiable system. "

More positive comments on Bitcoin and the other virtual currencies

Despite some criticism and doubts against Bitcoin and other crypto- currencies, there are tech luminaries like Yang who support and believe their potential.

Among the believers is the technology firm Steve Wozniak, who claimed that he considers Bitcoin as a digital currency that is "more genuine and real" than the US dollar and better than gold. as a store of value.

In an email interview with Cointelegraph, entrepreneur and investor Jonha Richman shares that she believes in the potential of Bitcoin and cryptocurrencies in general. In fact, like Yang, she believes that more and more traditional money will flow into Bitcoin in the coming months, while cryptocurrencies are slowly starting to hit the much-awaited mainstream adoption.

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With these positive statements about virtual tokens, many people who are attracted to the cryptocurrency market continue to grow. In fact, Bitcoin recently reversed Visa's market capitalization with its last record price.