Former Secretary Of Treasure Makes Bold Prediction On Bitcoin

[mercistheman]

"We soon see many billions of people sending bitcoin everyday as easily as they currently send a text message." - Lawrence H. Summers, Secretary of the Treasury under President Bill Clinton

[knight22]

[Dimaklu]

There is a thousands predictions like this already 

[TaunSew]

Right and he's another cookie mold 'adviser' that we see everyday in crypto:  usually someone who has not been relevant in 5 years or longer.   Even when they were relevant, they were not necessarily the most recognizable or public figure to begin with.
 

Cryptocurrency at times seems to be like the proverbial retirement home for washed out executives, obscure economists and semi-retired former government advisers who no longer have any influence.  Somehow it reminds me of those retired US Generals who talk smack all day and nothing comes out of it. 

As for this Xapo - it is another coinbase competitor, like circle, where the founders probably only want a valuation of $500+ million and then to be bought out by Yahoo, Google or some big tech conglomerate.   

[tokeweed]

Right and he's another cookie mold 'adviser' that we see everyday in crypto:  usually someone who has not been relevant in 5 years or longer.   Even when they were relevant, they were not necessarily the most recognizable or public figure to begin with.
 

Cryptocurrency at times seems to be like the proverbial retirement home for washed out executives, obscure economists and semi-retired former government advisers who no longer have any influence.  Somehow it reminds me of those retired US Generals who talk smack all day and nothing comes out of it. 

As for this Xapo - it is another coinbase competitor, like circle, where the founders probably only want a valuation of $500+ million and then to be bought out by Yahoo, Google or some big tech conglomerate.   

Just like MLS?

[ElectricMucus]

If Bitcoin only were relevant enough that Jim Carrey would make fun of it. He's a progressive liberal you know...

[melody82]

Even if he has not been relevant in 5 years, it is still someone from the "establishment" talking about bitcoins in a positive light.  This adds up over time and give coins more legitimacy.  Sooner or later major celebrities and other public figures will start talking about it.  It is a slow roll but it is happening.  Personally I hope for a few more years for it to blow up so I can keep buying in a cheap prices.

[monsanto]

Right and he's another cookie mold 'adviser' that we see everyday in crypto:  usually someone who has not been relevant in 5 years or longer.   Even when they were relevant, they were not necessarily the most recognizable or public figure to begin with.
 

Cryptocurrency at times seems to be like the proverbial retirement home for washed out executives, obscure economists and semi-retired former government advisers who no longer have any influence.  Somehow it reminds me of those retired US Generals who talk smack all day and nothing comes out of it. 

As for this Xapo - it is another coinbase competitor, like circle, where the founders probably only want a valuation of $500+ million and then to be bought out by Yahoo, Google or some big tech conglomerate.   

Well said