Bitcoin spikes as CEO predicts crypto revolution
Jonathan Symcox, 07 November 2018
The CEO of a rival to eCommerce giant Amazon expects that cryptocurrency will be adopted around the world as established financial systems collapse. Overstock boss Patrick Byrne likened the present system to a Ponzi scheme in an interview with crypto YouTuber Naomi Brockwell.
“People turn to it where they collapse, like Venezuela or Cyprus or Syria, something like that,” Byrne, whose platform began accepting bitcoin back in 2014, said.
“When people start getting into it is when their own financial systems collapse.
“So yes, given that I think the entire modern financial system is a big Keynesian, magic money tree Ponzi scheme, I do expect that the day will come when people turn to crypto.” Continue reading “Article: Bitcoin spikes as CEO predicts crypto revolution”
