Sunday, March 3, 2024

Former Google CEO Eric Schmidt Starts Investing in Cryptocurrency — Finds Web3 Economics ‘Interesting’ – Featured Bitcoin News

Must Read


Eric Schmidt, a former Google CEO whose net worth is $22.8 billion, reveals that he has put “a little bit” of money into cryptocurrency. He added that he finds Web3’s economics “interesting,” noting that the platforms and the use patterns are interesting.

Ex-Google Chief Eric Schmidt Discusses Crypto Investing and Web3

Former Google CEO and Chairman Eric Schmidt talked about cryptocurrency investing and Web3 in an interview with CNBC, published Thursday.

Schmidt served as the CEO of Google from 2001 to 2011. He stayed on as executive chairman until 2017 and technical advisor until 2020. His net worth is currently $22.8 billion according to the Bloomberg Billionaire Index.

Regarding his own crypto investment, he revealed that he has invested “a little bit” of money into cryptocurrency, without naming any coins specifically. He further clarified that he’s just getting started investing in crypto.

The 67-year-old explained that for him, the most interesting part of blockchain is Web3. He opined:

A new model where you as an individual control your identity, and where you don’t have a centralized manager, is very powerful. It’s very seductive and it’s very decentralized.

“I remember that feeling when I was 25 that decentralized would be everything,” he added.

The former Google executive noted that if he were starting out today as a software engineer, he would want to work on AI algorithms or Web3.

Schmidt clarified that his interest in Web3 involves “tokenomics,” which concerns the specific supply and demand characteristics of cryptocurrencies.

Noting that Web3 could come with new models for content ownership and new ways of compensating people, the former Google boss elaborated:

″[Web3′s] economics are interesting. The platforms are interesting and the use patterns are interesting.

However, he pointed out that it “doesn’t work yet, but it will.”

Tags in this story
Bitcoin, Crypto, Cryptocurrency, Eric Schmidt, Eric Schmidt ai, Eric Schmidt bitcoin, Eric Schmidt crypto, Eric Schmidt cryptocurrency, Eric Schmidt investing bitcoin, Eric Schmidt web3, google ceo

What do you think about Eric Schmidt’s comments? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Source link

Cryptoultimatum Crypto Trading Signal Service


Please enter your comment!
Please enter your name here

I show You how To Make Huge Profits In A Short Time With Cryptos!
- Advertisement -

More Articles Like This