Uber angel investor believes bitcoin will ‘solve biggest problems with fiat’

Early Bitcoin investors still play Bitcoin’s potential. maybe, angel capitalist Jeffrey Wernick started investment within the “the currency of the individuals,” as he calls it, in 2009. Wernick believes that Bitcoin’s formidable power resides within the indisputable fact that its worth “comes from its ability to unravel the most important issues with fiat money.”

In a recent Business corporate executive interview, Wernick offers details regarding why he began to invest in Bitcoin. And he describes however the shift within the relationship between government and folks triggered his interest in gold and financial problems.

He explains however the amendment during this relationship was caused by a government’s ability to run large deficits and debase the currency, while not the consent of the individuals.

“Now the government can do a lot of things without the consent of the people because as long as the people don’t have to pay for it, they feel that they’re less interested in it.”

Wernick argues that this can be the foremost important drawback afflicting paper money. And he affirms that Bitcoin by being “the people’s currency” has the potential to unravel this drawback. He defines Bitcoin:

“So it’s a people’s currency, it’s defined by the people, and it’s defined by rules and a protocol that people trust. And I think in a world where people don’t trust anything anymore, that it’s good to have protocols that people trust that they control themselves, that are not controlled by third parties.”

INVESTING IN THE SHARING ECONOMY AND BLOCKCHAIN TECHNOLOGIES

Wernick’s portfolio additionally includes investments in key assets of the sharing economy, adore Uber and Airbnb stocks.

Since Oct 2017, Wernick has been a member of Qtum’s planning board. Qtum may be a international project that aims to be the bridge between the Bitcoin and Ethereum communities, the important world and blockchain world.”

Similarly, Wernick has been a member of the board of DataWallet since June 2018. in keeping with the corporate web site, “Datawallet is your digital billfold for your on-line knowledge. It permits you to require your knowledge from platforms adore Facebook, Amazon, Uber, Spotify and unify it in one place.”

Wernick graduated from the University of Chicago with a degree in political economy and finance. he’s Associate in Nursing skilled capitalist World Health Organization started his career at Haym Salomon Brothers, wherever he worked on quantitative analysis and commerce. Then he moved to the commercial bank of port (NBD), wherever he became the youngest Senior Officer, chairing the danger Management Committee, the Asset-Liability Committee, the Loan valuation Committee, the Credit Committee and Mortgage Finance.