Yahoo co-founder believes that digital currencies will play an important role in the future of society, even if Bitcoin is not "quite still there."
Speaking at the sidelines of the Fortune Global Forum in China, Yahoo's co-founder, Jerry Yang, drew a parallel with Bitcoin's volatility and technology stocks of "the beginnings of the Internet" . Refreshingly, the Internet pioneer chose to talk about bitcoin as a currency rather than as the tale of its value at a time when the price of bitcoin reached a new record of $ 15,000 aujourd & # 39; hui.
"Bitcoin as digital currency is not there yet," he told CNBC. "People do not use it to make transactions, people use it as an investable asset."
Notably, he added:
Personally, I believe in the place where digital currency can play a role in our society. Especially with regard to not only the initial part of the transactions, but also the creation of a much more efficient system and a much more verifiable system.
Yang's remarks on digital currencies like Bitcoin resemble those of Apple's co-founder, Steve Wozniak, who views bitcoin as a cryptocurrency "truer and realer" than the US dollar and above the US dollar. Gold value.
"But for the moment," Yang added, "it seems [bitcoin] is more motivated by hype and getting a return rather than the same amount of money. use as transactional currency. "
Bitcoin technologists' opinions, however, contrast sharply with those of JPMorgan chief Jamie Dimon, who recently called Bitcoin "fraud". A bitcoin skeptic noted, Dimon once said bitcoin "is worthless" in 2015, at a time when bitcoin was trading less than $ 300. Yesterday, soaring bitcoin prices helped propel the entire cryptocurrency market capitalization ahead of the $ 360 billion JPMorgan.
Image from Flickr / Yahoo.