A former Coinbase executive recently hypothesized that Bitcoin may be the hottest asset among those working in the tech world. These people form a “network of shared values,” he writes.
When you think of something that most of those who work in the tech sector have in common, what often comes to mind is values. Most believe, for example, in a free and open internet.
However, you’d be hard-pressed to find commonality in much else. For example, when it comes to assets held, technologists generally differ wildly. After all, not many Facebook workers hold Spotify stocks. This is because technologists operate in a competitive market. However, there is at least one exception that applies globally — Bitcoin.
Bitcoin Unites Technologists
Balaji S. Srinivasan, an ex-CTO of Coinbase, said recently that the leading cryptocurrency is likely one of the main points of intersection between a growing number of technologies. This is because Bitcoin is likely the most widely held asset among all technologists, more so than any other tech stock. “At every tech company, there are likely some Bitcoiners,” he added.
Effectively, what this means is that Bitcoin has become a common thread that weaves the entire tech space together. It’s an idea which, if taken to its conclusion, has serious ramifications for the future of global trade, finance, and technology
Cryptocurrencies the ‘Lingua Franca’ of the Tech World
Let’s compare Bitcoin to English, for example. English is the lingua franca of the world — the commonly-used language for diplomacy, commerce, and so much more. Now, given that Bitcoin is likely the most popular asset among technologists, this means that it could ultimately become the ‘lingua franca of the global tech industry,’ like Unix or English.
Where there are VC firms and tech companies, there are Bitcoiners. They form a nexus of individuals who share values, and as the industry moves forward, cryptocurrencies will increasingly be seen as the central point of overlap between these many fields. If you understand this simple fact, it’s hard not to get excited over what the future for tech holds.
Bitcoiners are the most-represented group in the tech world — and it’s time we start acknowledging how much support is truly out there.
Do you agree with Srinivasan that cryptocurrencies could be the lingua franca of the global tech industry? Let us know your thoughts below in the comments.