Chamath Palihapitiya (formerly Chief Facebook Employee): Bitcoin and other similar concepts, mean the same as the red pill OK? We enter a completely new undiscovered and unexplored world Reporter: Did you invest in Bitcoin? I have Bitcoin in my hedge fund, in my fund, in my private portfolio It's really a big deal
A very big deal What we are talking about is for the next 3-5 years a much better investment It is Gold 20 Do you think Bitcoin is really a currency, a currency that may work? Sir Richard Branson (Virgin Group founder and one of the world's most successful entrepreneurs): I think it works There will be other currencies like Bitcoin that may even be better but in the meantime, there is a big industry around Bitcoin Some have made a fortune with Bitcoin
Jerry Brito (Research Officer, George Mason University): There is no Bitcoin company No building No server to shut down It is completely distributed That's the unique thing about Bitcoin
For the first time, there is a way for the two of us Exchange value over the internet without a third party (bank, credit card company) Until the invention of Bitcoin, if we wanted to exchange money online we had to hire a third party like Paypal, Visa or Mastercard We are now living in the 21st century if we want to make a video call to China we can do it for free, but send a few hundred euros, which are actually just zeros and ones, to China costs 5% plus taxes Bill Gates: I am fascinated by Bitcoin because it shows how cheap it can be Bitcoin is better than current currencies You do not physically have to go to the same place And of course, with big transactions, cash can make it very impractical Max Keizer (American journalist and publicist) You will see Bitcoin for $ 1,000, $ 2,000, $ 5,000, $ 10,000 Rickard Falkvinge does a very good analysis He predicts that if Bitcoin is between 1% – 10% of the global Forex markets, a price between $ 100,000 and $ 1,000,000 per bitcoin prevails
Most people just wait and do not buy bitcoin today Will start buying which if the prices rise above $ 1,000 And a bigger percentage of people will buy Bitcoin when Bitcoin goes over $ 10,000 Tim Draper (Venture Capital Investor) I still say Bitcoin's $ 10,000 in 3 years Reporter: Wences Casares is the CEO of XAPO This is a Bitcoin wallet and a vault Wences Casares (CEO of Bitcoin Wallet provider Xapo): I think it's a very positive thing We will see ups and downs As with any blossoming technology But I think Bitcoin is here to stay
And it makes sense that we tax it and treat it like anything else Reporter: Where do you think Bitcoin will be in ten years, what will be a bitcoin value Casares: Between half a million and one million dollars Rickard Falkvinge (Founder of the Swedish Pirate Party): Many people just see the charts and think How much can it still be? What I do is I count back This is a transaction-oriented currency and at the same time a value store So it's a product and service that competes in a very real market for value stores and transaction-oriented currencies So how big can this market be? (That's important, the size may be unimaginable) And what a market share Bitcoin can realistically take in a predictable timeframe If you ask yourself this question
Then they come with a total market capitalization of Bitcoin And then you divide that by the number of bitcoins in circulation When you see how bitcoins in China are bought like crazy I even had to increase this number in my calculations Then you come with a number of $ 2,000,000 – $ 5,000,000 per Bitcoin
If everyone could go back and buy bitcoins – not too many, just one – and everyone in the world would have a bitcoin, the value would rise to a million dollars If Bitcoin has $ 1,000,000, people around the world will go crazy Everyone will follow the whole Other online currencies will also benefit from Bitcoin growth So in my eyes, many people do not understand "Why exactly Bitcoin?" Is Bitcoin the currency of the future or is it the payment system being developed? Brian Singer (William Blair & Co): Bingo It is the payment system It is the blockchain encryption
There are interesting things I believe Bitcoin, or the blockchain encryption behind it has a better chance to lift large parts of the world population out of poverty than anything we have seen so far Rojer Ver (Angel Investor aka Bitcoin Jesus) If you're new to Bitcoin Take your time Go to the internet Google afterwards, and learn about it It is indeed one of the most important inventions in human history and certainly the most important invention since the Internet Go out
Create a wallet Become active Uses Bitcoin Learn about all the positive qualities that Bitcoin will use to improve the lives of every person on the planet Become active Do it today
It will help everyone
