Former Google CEO and Chairman Eric Schmidt, who has a net worth of $22.8 billion, has revealed that he had invested “a small bit” of money in crypto. He went on to say that he considers Web3’s economics “interesting,”. The platforms are interesting and the use patterns are interesting.”
From 2001 through 2011, Schmidt was the CEO of Google. He remained as executive chairman and technical advisor until 2017 and 2020, respectively. According to the Bloomberg Billionaire Index, his net worth is currently $22.8 billion.
In terms of his own cryptocurrency investment, he stated that he had put “a small bit” of money into it, without specifying any specific coins. He went on to say that he’s only getting started with cryptocurrency investing.
Web3 is the most exciting component of blockchain, according to the 67-year-old former Google CEO Eric Schmidt. He expressed his opinion as follows:
“A new model where you as an individual control your identity, and where you don’t have a centralized manager, is very powerful. It’s very seductive and it’s very decentralized.”
He went on to say that:
“I remember that feeling when I was 25 that decentralized would be everything.”
If he wanted to start work as a software engineer today, the former Google executive said he would prefer to work on AI algorithms or Web3.
Schmidt stated that his interest in Web3 requires “tokenomics,” or the study of the supply and demand feature of cryptocurrencies.
Web3 might bring new models for content ownership and new ways of rewarding people. The former Google CEO elaborated:
″[Web3′s] economics are interesting. The platforms are interesting and the use patterns are interesting.”
He did note up, that it “doesn’t work yet, but eventually will”.
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