CEO’s Surprising Thoughts About Bitcoin
Bitcoin, the most popular cryptocurrency controlling the largest market share, has now spread to the four corners of the world. This coin is now being used by Americans, Europeans, Asians and Africans. It has become a force to be reckoned with in the world when it comes to making payments or currency exchanges. It makes a lot of sense to try and figure out what CEOs from major tech companies in the U.S. think about this coin that is ever growing in popularity. These tech companies range from Apple to IBM and, as you already know, have a huge following.
Starting with billionaire technologist, Peter Thiel. Thiel founded Palantir. Mr. Thiel is an outspoken Bitcoin supporter and in 2013 led a capital raise of $2 million to BitPay through his founder’s fund. Mr. Thiel is also a C-level executive at BitPay and it’s very clear that he is a supporter of Bitcoin. Alphabet CEO Larry Page may not have publicly commented on cryptocurrency, but Google, at one poin,t considered the use of Bitcoin, according to Andy Greenberg from Forbes. A cryptocurrency user from Pakistan, Malik, wrote to various tech companies’ CEOs asking them if they had any plans to incorporate Bitcoin into their corporations. None of them replied, except Google’s senior vice president Vic Gundotra. At one point Google’s senior vice president of ads and commerce wrote to Malik: “We are working in the payments team to figure out how to incorporate Bitcoin into our plans.” So it’s wise to say Google had thought of using Bitcoin, meaning they don’t perceive it as a bad thing.
IBM CEO Ginni Rometty has publicly declined to talk about Bitcoin, or any cryptocurrency for that matter, but IBM has explored blockchain technology. Ginni Rometty has been quoted saying: “The blockchain will do for transactions what the internet did for information.” Microsoft CEO, Satya Nadella, has not commented directly on Bitcoin but Microsoft is accepting Bitcoin payments through BitPay and has also launched its own Ethereum-powered blockchain platform. Apple CEO has not spoken of Bitcoin publicly.
After President Trump was elected last year in November, he held a meeting with the CEOs of major tech companies in the U.S. Many of those mentioned above were included. The meeting was dubbed the “Trump Tech Summit”. President Trump said this of Mr. Peter Thiel: “I want to start by thanking Peter because he saw something very early, maybe before we saw it, and of course he’s known for that in a different way.” Tesla and SpaceX CEO, Elon Musk, was also present in that summit and he has been appointed as one of Mr. Trump advisors. Mr. Elon has said that cryptocurrencies are a good thing.
Other CEOs that have remained silent on cryptocurrencies include: Oracle CEO Safra Catz, Amazon CEO Jeff Mezos and Intel CEO Brian Krzanich. By President Trump acknowledging Mr. Thiel and what he has done for Bitcoin — and also appointing Mr. Elon who has positive things to say about cryptocurrency — I would say that cryptocurrencies’ future is bright under Trump’s administration.