Investor Robert Herjavec of Shark Tank fame is a big proponent of cryptocurrency, predicting that it will eventually replace cash.
One thing you can say about the principals on Shark Tank, it’s that they are pretty bold in going after what they want. Investor and cybersecurity expert Robert Herjavec is also not shy on where he thinks cryptocurrency will go in the future. He recently told MONEY that we’ll see cryptocurrency eventually chase away the concept of fiat.
Big on Blockchain
One reason why Herjavec is bullish on cryptocurrency’s future is that he’s a big believer in blockchain technology. He says that this new technology is an absolute game-changer that will revolutionize how businesses verify transactions. This viewpoint is shared by his Shark Tank compatriot, Mark Cuban.
Herjavec then goes on to add:
It’s going to have massive benefits for humanity, in all kinds of transactions.
As for virtual currencies, he says:
To me, it’s the wave of the future. Fast forward 25 years from now, there will be some form of a cryptocurrency that we will pay for electronically, and the concept of cash will go away one day.
Crypto Still Too Wild
While his comments above suggest that Robert Herjavec has bought his ticket for the cryptocurrency train and is picking a seat, he’s actually still not fully on board. He thinks virtual currencies are still way too volatile. He notes: