Yahoo co-founder Jerry Yang said that he believes digital currencies will play an important role in society in the future, but Bitcoin is not yet a digital currency.
CNBC at the Fortune Global Forum in China Speaking to . Yang preferred to talk about Bitcoin as a currency rather than its price today, with over $15,000.
‘People are using Bitcoin as an investment tool’
Yang, “ People aren’t using it to pay, they’re using it as an investmentable asset.” he said and added:
“I personally believe that digital currency can play a role in our society. Not only at the forefront of transactions, but also in the background of creating a more efficient and more verifiable system.”
Yang’s comments on Bitcoin are similar to those of Apple co-founder Steve Wozniak’s “Bitcoin , more genuine and real than the US dollar”.