Opinion: TransferWise CEO Displays Ignorance On Bitcoin

Most bitcoin enthusiasts will have read the recent comments made by TransferWise CEO Taavet Hinrikus. According to him, Bitcoin is “dead, and the experiment is over”. Quite a strange statement, considering Bitcoin has been trucking along despite all of the adversity faced so far. Is this another case of lack – or willingness – to understand what Bitcoin is all about?

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TransferWise CEO Feels Early Bitcoin Investors Got Lucky

Reading through the entire article on Yahoo Finance, it is evident for everyone to see a lot of people still don’t get what Bitcoin is all about. Grasping a concept that is vastly different from what we know today, as well as being a direct competitor for just about anyone in the financial sector, can cause people to say the weirdest things sometimes.

Unfortunately for the TransferWise CEO Taavet Hinrikus, his statements on Bitcoin may very well come around to bite him in the rear some day. Saying how Bitcoin has “no traction, and no one is using it” is not only shortsighted but also an apparent rehash of what mainstream media outlets have been spoonfeeding

Read more ... source: TheBitcoinNews