Overstock’s Patrick Byrne: Cryptocurrency Will Become Mainstream
Over the past 24 hours, Bitcoin has crept a bit higher in price. After hanging in the mid-$6,400 range for several days, it appears Bitcoin has finally gotten its taste for ascension back and has sprung up to hit $6,500.
Overstock Takes All the Credit
According to Forbes, this can be attributed to positive sentiment stemming from Patrick Byrne, the CEO of Amazon competitor Overstock.com. The business made headlines back in 2014 after executives announced they would accept bitcoin as a means of payment for goods and services. Overstock was one of the first major companies to take this step.
In a recent YouTube interview with Naomi Brockwell, Byrne says that despite the ups and downs of the past year, he still believes bitcoin will soon experience mass adoption in the coming months, and that the present financial system is set to fall in dramatic fashion:
People turn to [bitcoin] when they collapse, like Venezuela or Cyprus or Syria, something like that. When people start getting…
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