Eric Schmidt is the former CEO and chairman of Google. Recently, his comments clearly out forth his love for Bitcoin. In fact, Bitcoin has recently become a centre of heated debates. The inability of Bitcoin to raise its market during the ongoing bear market has exposed it to a storm of criticism. Yet, there are various crypto enthusiasts who have voiced their support for Bitcoin. Eric Schmidt also seems to fall within the group of these Bitcoin enthusiasts.
Recently, Eric in an interview stated that Bitcoin’s architecture has impressed him a lot. He further highlighted his belief in cryptocurrency. In addition, he has also claimed that he has invested money in it. In fact, he has hailed Bitcoin technology as a “remarkable achievement.” As a result, a video clip of that claim by Eric has gone kind of viral on the internet. Read the article to know what exactly did Eric Schmidt say.
Eric Schmidt Comment
The video clip that is doing rounds on the internet, is a video from 2014. That year Eric spoke at the Computer History Museum. There in that speech, he highlighted the importance of Bitcoin. He hailed Bitcoin technology as a “remarkable achievement.” Eric Schmidt served in the capacity of Google’s CEO from 2001 to 2011. After that he served from 2015 to 2017 as the executive chairman of Alphabet Inc. Again, he served in the capacity of the company’s Technical Advisor from 2017 to 2020.
This comment about Bitcoin comes from Eric at a point when he was campaigning for global popularity. However, at that time his comment went unnoticed. But it is he who paved the way for the global recognition of Bitcoin.
Eric’s Investment in Cryptocurrency
It remains unclear as to which cryptocurrency is Eric Schmidt investing in. He only claimed that he has just started the investment. After leaving Google, he became really active in his Schmidt Futures initiative. Through it, he devoted his attention entirely to philanthropic endeavours. In fact, he uses his initiative to fund research in biology, energy, and artificial intelligence.
After his comment in 2014, in recent times, his interest in crypto has increased rapidly. In fact, in 2021 he served as the strategic consultant for Chainlink. In addition, he has also written some articles in support of cryptocurrency.
Concluding Lines
Words spoken by influencers like Eric Schmidt have a great impact on the future of crypto investment. However, it remains to be seen how he comes out in support of crypto in the future.
Read more: BTC Fails to Raise the Market as Buyer Interest Shows a Ray of Hope
