Co-founder of LinkedIn explained why he invested in Xapo and Blockstream

[milaliss]

http://www.coinfox.info/news/persons/2339-hoffman

In the next 10 years at least one cryptocurrency will reach global acceptance and it can be bitcoin, Reid Hoffman, a venture capitalist, a co-founder of LinkedIn social network and an early Facebook investor, told Fortune.

Citing his recent deal with Xapo, Hoffman explained that he believes in the global acceptance of one or more cryptocurrencies in the next 10 years, either bitcoin or bitcoin-based. Hoffman chose Xapo as a standard bitcoin business. His other cryptocurrency industry investment, in Blockstream, aims to promote bitcoin and “making it be possible”.

[Jesu]

Why would it not be bitcoin? All other alts offer little to no other advantage and unless something else comes along that truly blows bitcoin out of the water I think it's bitcoin that is going to succeed. Even if a new revolutionary form of crypto came out bitoin could likely adopt the code any way so bitcoin can evolve and adapt too but at the moment only minor changes are needed for it to go mainstream.

[Possum577]

This guy is a business man and a deal maker, no need to potentially offend the BSDs that started a competing crypto currency by making an early claim that Bitcoin will reign supreme for eternity. He gets to keep his options and relationships open by adding the words "it can be".

Smart guy.