Gurley sees Bitcoin hovering at $600-700 as a competitor to gold rather than traditional finance.
“And it hovers at a relatively stable value of 6 or $700 really as a competitor to gold right now.”
Gurley says Benchmark pays white hat hackers through HackerOne in Bitcoin in countries with untrusted currencies.
“We we we work with a company called HackerOne that pays white hat hackers to find vulnerabilities in large websites.”
Gurley argues Bitcoin serves countries with overinflating currencies and low trust in government money.
“And so if you live in one of those countries where you don't trust the currency of your own government, you know, how do you wanna get paid?”