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Kristina Frunze

27 April 2018

Forex

Venture Capital Comcast Director is bullish on Blockchain

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Venture Capital Comcast Director is bullish on Blockchain. Mr. Beyda has highlighted that cryptocurrencies could have a substantial impact on emerging economies. There, according to him, unbanked populations are directly moving to the cryptocurrency based economy rather than stopping at the traditional financial sector.

27 April, AtoZ Markets The managing director of the venture capital (VC) branch of Comcast, Gil Beyda, has shared his outlook on the future price of Bitcoin. He also has spoken on the subject of how Blockchain technology can be applied in the real world.

Venture Capital Comcast Director is bullish on Blockchain

Comcast Ventures is already known to have invested in some of the Blockchain startups. Moreover, four of the company’s partners are also investing in Blockchain project.

Mr. Beyda has highlighted that cryptocurrencies could have a substantial impact on emerging economies. There, according to him, unbanked populations are directly moving to the cryptocurrency based economy rather than stopping at the traditional financial sector.

He has also added that fighting electoral fraud could be possible with the help of Blockchain technology. However, Mr. Beyda has explained that “Blockchain is still waiting for that killer app.”

ICO regulations in Sight

In addition, he has also acknowledged that the technology features major disruptive in such fields as content distribution, e-commerce, and social media. Furthermore, he made it clear that he expects it will still be “a year or two” before a new application can be imagined and provided by the capabilities of the Blockchain technology,

Speaking on the matter of the Initial Coin Offerings (ICOs), he stated that he anticipates the key financial regulator of the US markets, the US Securities and Exchanges Commission (SEC) to soon release its regulations addressing the issued within this market.

Mr. Beyda has also advised investors to only dedicate 5 percent of their portfolio to cryptocurrencies, as he has warned them to proceed with “a lot of caution” due to the market volatility. Back in January, some of the online reports stated that VC Blockchain investment set for 2018 is on its way to exceed this of 2017.

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Comcast Gil Bedya Blockchain Bitcoin

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