Member of the Board of Directors of Facebook and one of the founders of PayPal Peter Till is confident that Bitcoin will always be the dominant currency. He said this in an interview at the Economic Club of New York. According to Thiel, he invested in bitcoin and is confident in his “long term”, while the rest of the coins are “neutral or skeptical”.
“I’m not exactly sure if I’m ready to recommend people to invest in these coins,” Till said.
He is sure that in the future there will be only one dominant cryptocurrency – and, “most likely, it will be bitcoin.” However, the billionaire also noted the considerable potential of Ethereum.
In addition, Till does not share the views of critics that crypto-currencies are only a huge financial bubble.
“All the claims that people make to beatkoin, in the past they presented gold. But money is a bubble that never bursts. And money has bubble-like properties that can be very stable, “Till said.
Recall, previously Till already stated that bitcoin can be compared to reserve money in the same way as gold. In general, the American billionaire is confident that people underestimate the first cryptocurrency.