Bitcoin Jesus contributed the most for the adoption of Bitcoin [BTC], says Erik Voorhees
Recently, Erik Voorhees, the Founder of ShapeShift spoke about Bitcoin and the evolution of the coin in the past 10 years and the companies that survived the space for such a long time, during a discussion with Naomi Brockwell on Youtube.
The CEO of a leading cryptocurrency exchange started off by speaking about projects that either failed or disappeared over the past 10 years in the market and whether it was foreseen or not. Voorhees admitted that there have been many companies that have disappeared in the past ten years, however, there were not any which shocked him.
He gave an example of Mt. Gox, which was once the biggest Bitcoin exchange platform and Silk Road, the famous online black marketplace. He said:
“I mean Mt. Gox was starting to have lots of problems and it was clearly on the downturn. When that blew up, you know, that could have been seen a mile away. Silk Road was always a hugely risky operation, which ultimately did get shut down but of course that model live on and there are many more dark net markets at this point.”
Voorhees also stated that it is interesting to see the companies that have continued to survive in this market. He quoted the example of Coinbase, which has been in the market for over five years and recently raised $3 million in their Series E funding with a valuation of $10 billion. He also added Bitpay, and Zappo, one of the biggest Bitcoin wallets which have built a model that has not been hacked.