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"So it seems to me and my colleagues at USV that an alternative currency with roots in peer to peer networks and based on an algorithm that is transparent to everyone is an idea whose time has come."
"I'm confident we'll see the emergence of currencies that are not controlled by nation states in my lifetime. Whether that is a good thing or not remains to be seen. I think it is, but there are significant ramifications that will result from the decoupling of currencies from governments. And one of them is an interesting investment opportunity that we hope to participate in."
Fred Wilson is not just another blogger. He is the co-founder of Union Square Ventures, a firm with investments in Twitter, Tumblr, Foursquare, Meetup, and Zynga, among others.
His blog has 280,000 monthly readers and an Alexa traffic rank of 6060 in the US. Needless to say, this is going to get Bitcoin a lot of attention.
Posted in: investing,publicity
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