The Snapchat Investor Jeremy Liew find cryptocurrency bitcoin as a great investment vehicle.
Liew has also forecasted about bitcoin rate that will be reaching $500,000 by 2030 in a few months back April. He said that the rise in bitcoin is currently being just a beginning for the digital currency.
In an interview with CNBC Liew stated that “Bitcoin and the other digital currencies, they all really see a lot of benefit in times of political and economic instability adding to the statement he said:
“Fundamentally when a citizen doesn’t have faith in their currency of their country, then they are looking for alternatives, and a digital alternative like bitcoin becomes much more compelling in those circumstances.”
Jeremy Liew has co-led the first Lightspeed Venture Partners, the firm invested in 2014 in Blockchain initial development.
“If you’re going to be an investor in anything, you want to be where the most trading volume is happening, and right now that’s happening in Bitcoin,” Liew said speaking with CNBC.