Cryptocurrency had taken the world by storm in 2017, and now it seems it has caught the attention of even Mark Zuckerberg.
While cryptocurrency, particularly Bitcoin, had been the point of every tech-enthusiast’s discussion, most of the tech giants were wary to talk about it. Even those who did, like Warren Buffet, were more or less cautious about it. The unwillingness of celebrities to talk about cryptocurrency had led to an assumption that the “bubble would burst soon enough”. However, Facebook co-founder and CEO Mark Zuckerberg said on Thursday that studying cryptocurrencies would be one of his objectives this year.
Like each year, Mark Zuckerberg shared his thoughts on Facebook via a post about his goals in 2018. He said that the theme of his goals this year is to fix some major issues in the world of media, technology, and government. He promised to bring about a team of experts to collectively work towards solving these problems.
Out of the many objectives he mentioned, the one that left every blockchain enthusiast excited was his intention to study cryptocurrencies. He said that he wanted to convert Facebook into a decentralized system so that people had the maximum power. The major goal behind studying cryptocurrency and similar technology would be to improve social media networks, something that he has been continuously doing since the inception of Facebook. In his own words:
“There are important counter-trends to this – like encryption and cryptocurrency – that take power from centralized systems and put it back into people’s hands…I’m interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services.”
Mark Zuckerberg is renowned for successfully creating a global peer-to-peer network like Facebook. His interest in cryptocurrencies and the blockchain technology is surely a positive sign. Having a global figure like Zuckerberg into the fold gives a lot of credibility to cryptocurrency and deflates the argument that it is “just a bubble”. If more tech giants like him decided to take interest in cryptocurrencies, it might well become a global currency sooner than we imagined.