Business

Judd Gregg and Bitcoin | Former Governor Compares Bitcoin to Gold

Judd Gregg and Bitcoin

Judd Gregg and Bitcoin (BTC). Should we also compare bitcoin to gold? The former New Hampshire Governor thinks so. There have been a number of prominent leaders joining in on the conversation surrounding the cryptocurrency industry lately. Last week, we heard from Howard Schultz, the chairman of Starbucks. Schultz stated that while he is a fan of cryptocurrency, he does not like bitcoin. Who do you agree with?

What Happened?

Yesterday, The Hill published an opinion piece that featured the three-term senator. Gregg is cited as saying that he strongly believes that bitcoin, a virtual currency, has the potential to change the way that the world views currency. 

In the exchange with The Hill, Judd Gregg compared bitcoin to gold. This comparison has been done a number of times both this year and last year. However, this time, Gregg stated that gold has value because it is accepted by banks, while bitcoin is only supported by shareholders beliefs.

>> Read More About What People Are Saying About Bitcoin

When it comes to commercial transactions, Gregg stated that bitcoin has the potential to alter how the world views these transactions. It’s not entirely surprising that Gregg has come forward with this view, considering there are a number of politicians now coming to terms with the possibilities of blockchain and cryptocurrencies.

The Takeaway

It’s not just Gregg and Schultz who have come forward with their views on bitcoin. From Katy Perry to Joseph Stiglitz, it seems everyone has something to say about the cryptocurrency sector. Not only that, but there have been a number of companies who have made a move into the blockchain technology industry. This is a cause for concern for some, as there is a decent amount of people who fear that people are investing in both bitcoin and blockchain without having a 100% grasp of the industries.

>> More Prominent Leaders Who Have Opened Up About Cryptocurrency

Regardless of what people think, however, the industry seems to have a mind of its own. One moment you think bitcoin is going to keep climbing, and the next you think of it as a bubble that is bound to burst any minute. No matter what people say, we never really know who to believe. At least, not yet.

Featured Image: wmur.com

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About the author

Alma W. Hendon

Alma W. Hendon got into Bitcoin while completing his Master's degree and hasn't looked back since, writing about anything crypto-related which makes him sit up and pay attention.

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