Bitcoin (BTC) probably doesn’t need much introduction after going mainstream and highly visible in 2017. But adoption is still in its very early stages, and more thought leaders, celebrities and businessmen are getting on board.
Internet Money, Finance Disruptor: How Celebrities See Bitcoin
The idea of a borderless Internet currency seems to appeal to some of the biggest business leaders, including Microsoft’s Bill Gates. Despite a certain caution when it comes to all-out endorsement, famous people tend to adopt the Bitcoin bug each and every day.
1/ Bitcoin is quietly being adopted by the brightest minds on the planet.
Just created a resource (with @GlasenappMike) to showcase “prominent” supporters.
Check it out: https://t.co/l0wfq12dR7
— Brandon Quittem (@Bquittem) January 5, 2020
Perhaps one of the most influential endorsements belonged to Jack Dorsey, Twitter’s CEO and founder. This led to Twitter adopting a micro-payment tipping service for bitcoin through CoinTip. When it comes to social media, Twitter has been the backbone of the crypto space, immediately spreading the latest hype.
For more celebrity endorsements, a special-purpose site collects all statements, boosting the position of bitcoin as a mainstream asset. The endorsements also help to present the economics of Bitcoin beyond its bad reputation as a gambling coin or a Ponzi scheme, as some mainstream opinions go.
Endorsements point to Bitcoin’s censorship resistance, as presented by Naval Ravikant, CEO of AngelList. The other set of opinions see BTC transfers and savings as disruptive of the traditional financial sector.
Blockchain Technology Gains Attention from Tech Leaders
The technology itself has garnered a lot of attention, as an entirely new protocol for the transfer of value. Paul Bucheit, creator of Gmail, thinks bitcoin will be “the TCP/IP of money”. Others see the network as still in its infancy, on track to perform in a similar way to the early World Wide Web.
Bill Gates came…