Blockchain Capital’s Song Shares His Take On Utility Tokens

Jimmy Song, the venture partner of Blockchain Capital, has been involved with Blockchain space since 2011. He got more involved with the Bitcoin in 2013 when its price started to go up. This is when he felt that he should get a wallet and ended up in the Bitcoin development.

He is not involved in any investment in the Blockchain Capital. He does not feel that the business model of ICO makes sense. He is not a fan of the utility tokens like he is a fan of the equity tokens. He feels that Bitcoin is here to stay and it is a good store of value.

Song says that the price of the Bitcoin will go up over time. As the prices go up, people will be reluctant to spend it. The longer something lasts, its longevity will increase. It is important to make sure that it performs well even after a few years and there is an increase in the investors. He feels that it is going to be a thing that will grow in the future.

Song says that it would take another 10 to 20 years for another class of investors to invest in Bitcoin. It is important for this cryptocurrency to get a medium of exchange first.

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About the Author: Paul Wright

Paul grew up in a small town in Ohio. He studied history in university, graduated, and married his wife shortly after graduating. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central New Mexico. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children.

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