ShapeShift CEO Erik Voorhees believes Bitcoin (BTC) is on its way to becoming a globally adopted currency.
ShapeShift CEO: Bitcoin on track to become a globally adopted currency
Erik Voorhees, CEO and founder of the crypt money exchange ShapeShift, made important statements in a new interview with Raoul Pal. Erik Voorhees stated that the adoption of Bitcoin and Blockchains as the new financial system will take twenty to thirty years, but will ultimately generate wealth, improve lives and increase transparency. Erik Voorhees adds the following to his comments on the subject:
I BELIEVE THAT EVERYONE WILL PASS BITCOIN AS MONEY AND THE FIAT CURRENCIES WILL GO. They fall apart on their own. THEY COME FROM THEIR OWN BECAUSE THEY HAVE BEEN FORGOTTEN… AND AS AN ALTERNATIVE, THEY HAVE NEVER DAMAGED WITH SOMETHING BITCOIN. ALWAYS GO ONLY TO THE NEXT REPUTABLE CURRENCY. THERE ARE MUCH BIGGER CHALLENGES THAT THERE IS A CONVENIENT ALTERNATIVE. THEREFORE, I THINK HUMANITY WILL TRANSFER TO BITCOIN WITH TIME. I think the price is falling apart.
Erik Voorhees: Bitcoin adoption will force governments to shrink
Erik Voorhees thinks the adoption of Bitcoin will force governments to shrink, and comments this positively. Erik Voorhees adds the following to his comments on the subject:
THIS WILL MAKE THE LIVES OF GOVERNMENTS HARDER, BECAUSE THEY ARE FINANCING THEIR OWN IN THREE WAYS. They tax it. THEY WILL ONLY DEBT IN THE FUTURE… AND THEY SUCCESS. THESE THREE WAYS ARE HOW GOVERNMENTS ARE FINANCED. AND AS THE WORLD MOVES TO BITCOIN, THIS THIRD ROAD IS COMPLETELY REMOVED. AND THAT MUST MEAN THAT GOVERNMENTS MUST BE RELATIVELY REDUCED. PERSONALLY, I SEE THAT THE MOST WONDERFUL THING TO COME FROM THE GROWTH OF BITCOIN IS THE DECREASE IN THE CHALLENGING GOVERNMENT. BUT NOT MANY PEOPLE EXPRESSLY AGREE WITH THIS.