Former Google CEO Eric Schmidt, who has a net worth of $22.8 billion, has revealed that he had invested “a small bit” of money in Bitcoin. He went on to say that he considers Web3’s economics “interesting,” as well as the platforms and usage patterns.
Eric Schmidt Talks About Cryptocurrency and Web3
In an interview, former Google CEO and Chairman Eric Schmidt discussed cryptocurrency investing and Web3. From 2001 through 2011, Schmidt was the CEO of Google. He remained as executive chairman and technical advisor until 2017 and 2020, respectively. According to the Bloomberg Billionaire Index, his net worth is currently $22.8 billion.
In terms of his own cryptocurrency investment, he stated that he had put “a small bit” of money into it, without specifying any specific coins. He went on to say that he’s only getting started with cryptocurrency investing.
Web3 is the most exciting component of blockchain, according to the 67-year-old. He expressed his opinion as follows:
A new approach in which you control your own identity and don’t have a centralized manager is extremely powerful. It’s attractive and decentralized at the same time.
He continued, “I recall that notion when I was 25 that decentralization would be everything.”
If he were starting out as a software engineer today, the former Google executive said he would prefer to work on AI algorithms or Web3.
Schmidt stated that his interest in Web3 stems from “tokenomics,” or the study of the supply and demand dynamics of cryptocurrencies. The former Google CEO elaborated, saying that Web3 might bring new models for content ownership and new ways of rewarding people:
The economics of Web3 is fascinating. The platforms are fascinating, as are the usage patterns.
Also Read: Popular Crypto Investor Katie Haun Manages to Raise A Whopping $1.5 Billion for Web3 Venture Fund
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