Cryptocurrencies and blockchain technologies have received the support of many influential people in the world of finance and technology despite the current bearish crisis that markets have suffered during 2018.
One of the latest personalities to join the list of those attracted to this type of technology is Eric Schmidt, the multimillionaire former president of Google, who remarked in an interview that Ethereum is so powerful that it could be the beginning of a technological revolution that changes the way modern society does business.
Blockchain : Socially Overrated, Technologically Underrated
Speaking in a podcast hosted by famous economist Tyler Cowen, Eric Schmidt shared his impressions regarding an extensive repertoire of topics, however, when talking about blockchain technologies, his intervention, though brief, was quite optimistic – Tyler asked Schmidt for his opinion on the various technologies. Eric Schmidt had to say whether they are overvalued or undervalued. When it was his turn to talk about the blockchain, Schmidt said :
“In the public format [it is] overrated. In its technical use [it is] underrated”.
This view has been shared by an important number of investors, who recognize the value of technologies but criticize the “miraculous” conception that many have of blockchain technologies.
Eric Schmidt : A Big Believer in Ethereum
Schmidt is of the group that believes that although the public tends to overestimate the current influence of technologies, actually they are full of potential :