LinkedIn co-founder plans to invest in Bitcoin in the near future

Tuesday 15 July 2014 13:27 CET | News

Reid Hoffman, a co-founder of the social networking platform LinkedIn and a former Facebook investor and member of the venture capital firm Greylock Partners, has stated that investing in Bitcoin businesses in the near future is part of his agenda, reports.

The statement in question has been delivered during an interview with CNBC’s ‘Squawk Alley’, the same source notes.

The interview renders Hoffman’s current opinion on opportunities in the market given his experience and success in early social media.

Hoffman argued his conviction with remarks that Bitcoin enables worldwide public ledger of transactions which may involve money and any other goods eligible for online transactions. In the same interview, cited by the source, Hoffman has admitted purchasing Bitcoins.

Despite his positive undertakings regarding Bitcoin, Hoffman cautioned investors to invest only money they are willing to risk.

Hoffman has recently joined the board of directors at Bitcoin wallet startup Xapo, an announcement that was made when the company reported USD 20 million in new financing from firms including Greylock Parnters.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: LinkedIn, Bitcoin, investment, interview, online payments, Venture Capital, Facebook, social network, digital currency
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce