Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Humanity Will Move to Bitcoin and Crypto As Government Currencies Fall Apart, Says Eric Voorhees

by Daily Hodl Staff
January 29, 2021
in Bitcoin
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

Erik Voorhees believes Bitcoin is on a path to becoming a globally adopted currency.

The chief executive officer and founder of the digital asset exchange ShapeShift tells Raoul Pal in a new interview that adoption of Bitcoin and blockchains as the new financial system is a process that will take two to three decades, but will ultimately generate wealth, improve lives and increase transparency.

ADVERTISEMENT

“I ultimately do believe that everyone will eventually move to Bitcoin as full money, that fiat currencies will go away. They fall apart on their own. They collapse on their own because they’re printed into oblivion…

And they’ve never had to deal with something like Bitcoin as an alternative. They always just go into the next fiat currency. Now that there is a credible alternative emerging, they have a much bigger challenge. So I do think humanity moves to Bitcoin over time. I think fiat falls apart.”

Voorhees thinks Bitcoin adoption will force governments to shrink in size, which he sees as a positive.

“This is going to make governments lives’ harder because currently they fund themselves in three ways. They tax. They borrow, which is just taxing in the future. And they print. Those three ways are how governments are funded. And as the world moves to Bitcoin, that third way goes away entirely.

And so that will necessarily mean that governments have to shrink on a relative basis. Personally, I find that the most glorious thing that could come out of Bitcoin growing, is the reduction in coercive government. But a lot of people obviously don’t agree with that.”

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

ADVERTISEMENT


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Dotted Yeti/Photobank gallery

Submit a Press Release

Crypto Livewire – Press Releases

  • Mogul Brings NFTs and DeFi to the Film Industry, Announces Access Pass Sale
    March 5, 2021
  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$47,454.00
$47,454.00
1.85%
Ethereum
$1,530.96
$1,530.96
2.32%
Binance Coin
$221.57
$221.57
2.58%
Polkadot
$32.36
$32.36
3.37%
Cardano
$1.10
$1.10
6.8%
XRP
$0.454181
$0.454181
2.16%
ADVERTISEMENT

Spotlight

  • Max Keiser Says Bitcoin Could Rise 300x, Top Crypto Targeting US Dollar Dominance
    March 1, 2021
  • Five Crypto Projects Are Going Mainstream This Month, Says Altcoin Daily’s Austin Arnold
    March 5, 2021
  • Whale Abruptly Sends $400,000,000 in Bitcoin to Coinbase in Massive Crypto Transfer
    February 27, 2021
  • Bitcoin Could Be at Start of Massive Mainstream Transformation: Citi Report
    March 3, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.