Sir Richard Branson Favors Bitcoin In Virgin Blog Post

Journalist:
Clay Michael Gillespie @thelivingaspect
October 2, 2014

Sir Richard Branson, the billionaire investing-mogul behind Virgin Airlines, Virgin Galactic and a slew of other companies, recently wrote a blog titled “Why I Invest In Startups” on the Virgin official website. It’s no secret that Branson takes favor to Bitcoin as he’s been very vocal in the past and stood alongside other investors in BitPay, providing the company with $30 million.

In the blog, Branson plugs Bitcoin, PayPal and BitPay all in the same breath, saying:

“Finance is another area where I see exciting opportunities. Indiegogo, a crowdfunding platform, allows entrepreneurs better and cheaper access to the seed financing they need to get their business up and running. Similarly, Bitcoin is creating an entirely new form of currency. I was happy to see PayPal announce they will integrate BitPay into their website, and we are also accepting Bitcoin on Virgin Galactic.”

Bitcoin Making Waves Beyond Richard Branson

Branson isn’t the only mogul to speak favorably about Bitcoin. Last June, EBay CEO John Donahoe spoke highly of the technology on national news.

“I think there’s no doubt digital currency is going to play an important role going forward, and at PayPal, we’re going to have to integrate digital currencies into our wallet.”

PayPal’s announcement of testing the waters on bitcoin-integration, and possibly litecoin and dogecoin, is a huge step for the bitcoin community, and it’s catching the eye of other big names in the world. Of course with PayPal and EBay splitting up, the implications of bitcoin-integrating on either platform will be interesting to see develop. Millionaires and billionaires both, individuals and companies together: Everyone is jumping on the Bitcoin train at this point. More and more people, including those in the press, are starting to realize that Bitcoin’s success is not reflected in its price as often as some would like.

Photos courtesy of Wikipedia; other images from Shutterstock.

Last modified (UTC): March 28, 2016 12:56

Clay Michael Gillespie @thelivingaspect

Clay Gillespie a writer and reporter for many different platforms across the tech industry. He holds a B.S. in Public Relations from Ball State University, and freelances for different clients in technology and cryptocurrency. For more information, visit his personal website, claygillespie.com.