Bruce Fenton Says, Bitcoin Will Become the Leading Currency in the Long Run
The CEO of Atlantic financial, Bruce Fenton, and a member of Bitcoin Foundation talked about his entrance into the blockchain and cryptocurrency surroundings in the latest interview with Naomi Brockwell.
He defined that the most exciting technology to arise out of the blockchain technology was Bitcoin, and mentioned that it has the potentiality to interrupt international money. He further stated:
“Bitcoin, being a currency, has the ability to interrupt international money and become a leading form of cash perhaps even a few types of worldwide reserve currency. I think that it has long way-reaching effects. I’m excited about different programs, like from Wall Street, you understand tokenization of securities and that such form is exciting too.”
He continued announcing that he has invested its grate time in Bitcoin and added that Bitcoin or “Bitcoin-like” technology has the strength to become an international currency. But, he recommended warning because it was still too early to decide what the future could appear to be.
Fenton stated that Bitcoin is possibly the most favorite execution of the blockchain technology, but added that he’s curious about a variety of projects, which might be very volatile as nicely. The crypto fanatic stated:
“In Bitcoin case, you might lose the whole thing which you put in, and all of these tasks could cross down to 0 they’re very unstable so I’m usually very cautious about any of these tasks.”
The CEO also talked regarding other projects that he’s interested in which include Ethereum, Ravencoin, and Ethereum Classic. He shared his intrigued in Monero and MimbleWimble, mentioning that he was interested with the aid of the privacy factors that cryptocurrencies should provide. Fenton said that he is very active with Ravencoin because of its use-case i.e., tokenization.
“I co-authored one of the Whitepapers; I have been indulged in it and operating with community…I assume…It’s totally cypherpunk form of the venture, and it has such aligns incentives as there has been no pre-mine or founders stocks or builders stocks or ICO—- or fundraising of any kind.”
Fenton said that he becomes usually interested in free marketplace economics and developing technologies