World’s richest man unveils plans for global crypto currency business
World’s wealthiest man has unveiled plans to set up a crypto currency company that would allow him to hold a global amount of cryptocurrency.
In a wide-ranging interview with Reuters, Eric Erickson said he wants to take his cryptocurrency investments into a wider world and would make it legal for others to do the same.
“I think it’s really important for me to be able to do something that’s going to be good for my kids and for my grandkids,” he said in an interview published on Thursday.
He said he wanted to start a company that could help make the world more secure by helping banks and governments with cyber security.
The US billionaire said the idea for his company came from the belief that the cryptocurrency is a good way to invest in other people’s assets and that it can also be used to buy a house.
“When I first started thinking about the blockchain, I saw a huge opportunity to start an investment fund in the crypto space,” he told Reuters.
“And this is where I came up with the idea of a company.”
“The blockchain is going to change the way money is made.
And when it does, it’s going be amazing.”
The billionaire, whose company is named Eric Ericrickson Investments, said he has invested in cryptocurrencies like bitcoin, ethereum, litecoin and others but not in traditional stocks.
“The idea of investing in the blockchain and getting to control it is something that I think is incredibly exciting,” he added.
“It’s something that really does need to be explored and it needs to be regulated and regulated well.”
That’s why I want to create an investment company where people can own a piece of the future, where they can control their own future.
“In an interview with The Associated Press, Erickson did not reveal how much he had invested or how much the company was worth.
But he said it was an important step to make the blockchain more accessible and more secure.”
There’s a lot of hype about blockchain and the technology, but it’s actually something that actually could make the financial world a lot more secure,” he stressed.”
We want to be part of that conversation.
“The announcement comes as regulators around the world are looking at how to regulate blockchain-based assets.
The International Monetary Fund (IMF) has already begun talks with several countries to discuss what could be its next step.
The fund is also considering a proposed global code of conduct for digital assets, which it has been trying to push through since last year.
But the effort has been bogged down by differences over how to define “money” in the framework of the code, with some countries insisting on definitions that are too broad and others wanting to keep the core elements of the system.