Dell CEO clarifies his stance on Bitcoin and describes the blockchain as not taking its rightful place
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Answer Dell CEO clarifies his stance on Bitcoin and describes the blockchain as not taking its rightful place
We usually review the positions and statements of the heads of institutions and prominent personalities because of their impact on the psychology of their followers, as well as for their often showing the position of the companies they head.
Recently, Michael Sol Dell, an American businessman and billionaire, founder and CEO of Dell Technologies, shared his opinion about blockchain technology.
While answering questions from the interview session with a newspaperThe New York TimesDell said that the blockchain is likely not yet fully exploited, and that it has huge untapped potential.
He added that the framework of blockchain technology predates the twenty-first century, and that blockchain carries a revolution that will significantly change key aspects of the economy including finance and supply chain among others.
Read:BitMEX CEO Highlights Three Key Reasons That Will Lead Bitcoin To Further Adoption
It is worth noting that many industries have begun to integrate blockchain technology into their systems today, as they are developing prominent names from blockchain solutions, including “IBM”, Amazon, and others…
Despite the increasing popularity of blockchain in various industries, Michael Dell believes that the technology’s maximum potential has not yet been reached and is not generally expressed in an ideal way.
Michael Dell and Bitcoin:
When Dell was asked about Bitcoin, he replied:
I have to go through that.
I don’t really know.
Dell’s answer is smart and arguably not lined up against Wall Street veterans like Warren Buffett, the CEO of Berkshire Hathaway, a well-known investor and billionaire.
Buffett was famously not a fan of Bitcoin, and unlike Dell, Buffett explicitly told Buffett that Bitcoin was gambling and rat poison.
Dell Despite his seemingly neutral stance, his company Dell has partnered with Bitcoin in the past.
Dell previously partnered with Coinbase in mid-2014 to accept bitcoin as a payment method for its products in the United States, becoming one of the world’s leading companies accepting bitcoin as a payment method.
Read:Once again…SEC postpones ruling on Bitcoin ETF
In the last five years, the perception of Bitcoin by companies has changed a lot, as many of them are looking for ways to take advantage of it and adopt it, whether as a means of payment or allocating investment funds to it, or even exploiting the blockchain technology behind it.
Will Dell re-accept Bitcoin as a payment method?
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