CEO Spencer Rascoff, like many other executives, has been skeptical on the topic of bitcoin (and likely digital currency as a whole), but his opinion may be changing.
Why? Because he’s not just watching the game from the sidelines. He’s stepped into the field.
A to his 20,000+ followers Monday read:
Thx to for the tutorial. I’m reconsidering my skepticism on Bitcoin. cc
Rascoff, who also serves as a director for TripAdvisor, followed up with on the topic on Tuesday morning, noting he’s managed to purchase bitcoin:
Bought some bitcoin this morning. Buckle up.
Anyone can view from a distance and offer harsh criticism, but to actually experience the bitcoin technology is imperative if one is willing to understand it. That’s seemingly was Rascoff is doing, and for that we applaud him.
“I bought some bitcoin through coinbase after meeting the founder and CEO. I was impressed by his strategy, his vision, and his explanation of the future potential for bitcoin,” said Rascoff in a statement to newsBTC. “I look forward to exploring more about bitcoin in the future, and possibly investing more in the currency and the sector. Given the surprisingly high level of interest in this topic, I will also probably blog about my thoughts on bitcoin when I have time.”
He’s not the only one. On Monday, Wikimedia President Jimmy Wales told the world he too has purchased bitcoin in attempts to understand it. The story took a comedic turn when Wales shared his public bitcoin address on social media and started an accidental fundraiser — the community’s way of telling Wales Wikipedia should accept bitcoin donations. Wales acknowledged the donations would go to benefit the online encyclopedia. The impromptu fundraiser has brought in nearly 20 BTC, or just over $12,000 USD.
Should more execs follow in the footsteps of Wales and Rascoff?