Published on May 26th, 2017 | by bitcoin0
Fred Wilson douses Bitcoin lovers with cold water
For all the excitement around digital currency technology in New York this week, venture capitalist Fred Wilson said it will probably take much longer for bitcoin to go mainstream.
“I’ve been trying to transact with bitcoin and a lot of cryptocurrencies for a long time.
It’s not that rewarding to do, honestly,” Wilson, managing partner at Union Square Ventures, said Thursday at the Token Summit.
“It will probably be a long time before people understand what a blockchain currency is,” he said.
Wilson compared the state of blockchain innovation to the early- to mid-1990s, when the internet’s infrastructure was just being built.