Cryptocurrency isn’t going anywhere — in fact it’s set to take a leap forward in coming years, says tech entrepreneur and Finder.com Co-founder Fred Schebesta.
“I’m a big believer in Bitcoin,” he says. “I think it’s like digital gold. I think it will last on and on and on.”
“Bitcoin’s been called dead for 10 years now,” he says. “Seems to still be going. You know, I think the price is holding up pretty well throughout this as well.”
told Yahoo Finance’s YFi PM last month.’ data-reactid=”21″>“These geopolitical events including coronavirus and geopolitical tensions really improve the use case,” Tom Lee, Fundstrat Global Advisors managing partner, told Yahoo Finance’s YFi PM last month.
Along those lines, Yahoo Finance Editor-in-Chief Andy Serwer asked Schebesta: “I know that’s a big interest of yours, but isn’t crypto over, man?”
“Crypto is in the beginning,” says Schebesta, 38, who — in additional to his role at Finder.com — is the CEO of a blockchain company called HiveEx. “I actually think it needs another five years to cook.”
“Settlement of stocks right now is a small to large disaster in terms of its paper and all those kind of things,” he says. “So it’s where blockchain does so well.”
Australian Financial Review ranked Schebesta — who lives in Sydney — as the 22nd richest Australian under 40 years old, with a net worth of $193 million.’ data-reactid=”33″>In 2006, at age 26, Schebesta founded Finder.com, a comparison shopping website that now operates in 83 countries and employs 310 people full-time, Schebesta says. Last October, the Australian Financial Review ranked Schebesta — who lives in Sydney — as the 22nd richest Australian under 40 years old, with a net worth of $193 million.
Schebesta compared the current state of cryptocurrency to the early days of the internet.
“It wasn’t until Hotmail with email was the internet at all interesting to most people,” he says. “Or, you know, when really, data became fast enough on your phone.”
“It just takes time for those technologies,” he adds. “That’s the same with blockchain technologies…it’s just going to take some time to cook.”