Gerstner recounts passing on 21.co deal with Andreessen when Bitcoin was at $1,100 in 2014.
“So we're looking at a deal with, Andreessen, because I thought Balaji was one of the smartest people in the space. The company was called twenty one dot co.”
Gerstner says stablecoin issuers could become biggest US debt holders in five to ten years.
“In fact, I heard somebody say that in five to ten years, stablecoin issuers will become the biggest holders of US debt on the planet because they have to own that debt to back, right, the stablecoins, the tokens that they're issuing.”
“we're like Bitcoin at two. And I'm like, god, so Bitcoin represents two out of 500 of the net worth of the world or 400, whatever. It moves a little bit. Could it be four?”