Bill Gurley, Benchmark: Bitcoin has ‘an incredible store of value’

William Gurley, venture capitalist at Silicon Valley and general partner of Benchmark company, has voiced his own views on Bitcoin during the big interview on CNBC, which quite often asks its guests what they think about cryptocurrencies.

The fraud question has become something like a gold standard of financial journalists after that infamous statement made by Jamie Dimon from JP Morgan Chase. When seeing an interview about Bitcoin, one will almost certainly meet it. Bill Gurley does not consider Bitcoin a bubble and in the video, he is visibly laughing at the suspicion that Bitcoin might be a fraud.

As Mr. Gurley believes, for many people of the world Bitcoin is an attractive investment even in comparison to their state cryptocurrency. It is hard not to agree with him, seeing what HAPPENED in Zimbabwe. But what’s even more interesting, as Bill Gurley told, is that the hackers their company cooperates with to detect vulnerabilities in the big websites and to close such breaches afterwards, these people are often requesting payments in Bitcoin.

The venture capitalist, all in all, considers Bitcoin a financial option instead of calling it a fraud or a Ponzi scheme, which still happens even with financial analysts which can be called reliable when it comes to discussing fiat economy issues.