Before calling it as a delusion, the British scholar and world renowned historian/economist Niall Ferguson has recently have a change of heart as he calls Bitcoin the digital gold. This statement came out when he was interviewed during The Australian Financial Review Business Summit on March 5, 2019 in Sydney.
He even recounts as it was introduced to him by his son five years ago but missed the opportunity as he thought it has no technology behind it and just a fad. Fast forward now, he just regrets not buying it when the price was just around $400 at that time. He regrets not only on the financial opportunity but also on missing out on its technology.
What I say is, he does not have to feel it that way as it is still early on this technology and it is still a good time to get in. Just a note that a lot of big names are becoming converts. Jamie Dimon may not admit it, but his actions of introducing the JPM coin as cryptocurrency for JP Morgan transactions is a testament that this technology is not flawed but has real use test cases. I am looking forward to seeing other popular names becoming converts as we have long list of brilliant technological minds are convinced that Bitcoin has real value. People like Elon Musk, Jack Dorsey of Twitter, Steve Wozniak, co-founder of LinkedIn Reid Hoffman, and many others have issued some good public sentiments about Bitcoin. Who knows we may see in this list names like Warren Buffett and Bill gates as converts into this.
For more of the story, read the article here: https://beincrypto.com/economist-niall-ferguson-admits-he-was-wrong-about-bitcoin/
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