John Mauldin is a renowned financial expert; Says Bitcoin is the Future of Money

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John Mauldin is a renowned financial expert; Says Bitcoin is the Future of Money

John Mauldin, a renowned financial expert, a New York Times best-selling author, is positive about Bitcoin as according to him the digital currency is the future of money and there is a lot of scope for Blockchain technology. He says that his introduction to Bitcoin came when he was speaking at a gold conference in Palm Springs.

Remembering the event John Mauldin says that at the conference three bright-eyed, bushy-tailed college students approached him with a video camera and asked for his thoughts on Bitcoin. However, noting his confusion, they began to evangelistically espouse the virtues of Bitcoin and tell him how it would save everyone from the evils of the Federal Reserve.

John Mauldin reiterated that he kept from rolling his eyes and mentioned a meeting that he had to go to – at that very moment as it turned out and since that time, Worth Wray, he and his entire team at Mauldin Economics have done a great deal of research on Bitcoin. The entire research he has done according to him proves the point that it is future of money.

This renowned financial expert brings a weekly newsletter that has over one million readers. The latest newsletter from him says, “Looking into the future, what do you see when it comes to the world of money? Will simple fiat currency still rule the world? Or will we evolve past that as our “Digital Age” matures with every method of new technology enhancing our lives, and even our pockets.”

The Statement is an Endorsement of Bitcoin

Nonetheless, Mauldin has no problem seeing a future without fiat currency as a way to share value and information. According to him the Bitcoin Blockchain holds many future innovations that everyone has not even unlocked yet. He says that there are huge possibilities in Blockchain technology that can be explored.

Mauldin says that the Bitcoin Blockchain technology allows for the most secure electronic transactions ever devised and its adoption and acceptance seem inevitable to him. He admits that Blockchain technology will be used to validate everything from purchasing stocks, homes, investments, to purchasing airplane tickets, etc.

According to Mauldin it will be a far cheaper and much more secure way to validate users’ ownership of anything, from their home to their stocks. Nonetheless, as Bitcoin earns another endorsement from someone not directly tied into the establishment’s economic paradigm, a lot of Bitcoin enthusiasts feel encouraged.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com