Price is the least interesting element of cryptocurrency, says Hong Kong-ased crypto entrepreneur Dave Chapman, with applications proving far more fascinating.
Speaking to the South China Morning Post, he said: “Everyone says crypto is so bad, but there’s no difference between this and any other time when people have gone into something [new]. Is it new? Yes. Does it need to mature? Yes. Will it be regulated? Yes.
“One of the really fascinating things that kept me coming back to bitcoin when I first saw it is that there was no central authority. That means no one can stop it. A bank can’t stop it. A dictator can’t stop it. Parents can’t stop it.”
Chapman co-founded blockchain solutions firm ANX in 2013, after leaving the financial sector, and has now also launched crypto trading firm Octagon Strategy.
“It surprised a lot of people: leaving a respected career to go and play with ‘magical internet money,’” he continued. “That’s how a lot of people viewed it.
“The price to me is probably the most uninteresting component about Bitcoin,” he said. “I’m more excited in the applications and more excited about what this means for people who don’t have access to financial inclusion. If we focus on the price, we’re losing track of the big picture.”