Virgin Founder Richard Branson Says Bitcoin is Working

Christoph Marckx @cryptomaniacs
September 11, 2014

Sir Richard Branson, one of the wealthiest men in the United Kingdom (well, in the entire world) had an interview with Bloomberg News (view the video interview below). A remarkable one as the entrepreneur and founder of Virgin took a clear stance on Bitcoin and virtual currencies.

Bitcoin is working

Branson had shown his support for the idea behind Bitcoin before, but was put to the test again by the Bloomberg interviewer after making a statement concerning the upcoming Virgin Galactic spaceflights. As we all know, Virgin plans to be one of the first companies to offer commercial trips into outer space to its customers. A ‘mere’ USD 250,000 gets you a seat on one of their spaceships. Everything is still under development but people are already able to book their seat.


Of course, an event like this attracts the rich and famous, including the Winklevoss twins. When they heard Branson agreed on accepting Bitcoin as a payment method, they did not hesitate to make use of it. Not surprising at all, since the Winklevoss twins are known to be very bullish on Bitcoin.

Read: Richard Branson Supports Bitcoin, Accepts it for Space Travel

When asked why Branson is accepting Bitcoin as a payment for his Virgin Galactic program, he responded by saying this:

“Well I am not foolish. If lots of people have bitcoins and want to spend it on a ride into space, why should I not accept it?”

He also added that he is not the only one trying to get people into space.

“One day, Elon will be able to offer people rides into space as well. I’d rather have them in the Virgin Galactic program so we’ll grab the money while it’s there.”

Branson mentions Elon Musk, the co-creator of PayPal, Tesla Motors and SpaceX.

By using the phrase “we’ll grab the money while it’s there,” Branson does not seem to be very respectful to Bitcoin owners. It almost sounds like he only cares about the money flowing in, no matter where it comes from. While this is obviously true (Branson is a businessman, in the end it’s all about the money…), he still has a soft spot in his heart for every worthy invention in this world. When asked about Bitcoin and if he thinks it will ever work, he shows his real thoughts about it.

“Bitcoin is working! There will be other currencies like it that may be even better but in the meantime, there is a big industry around Bitcoin. Some people made a fortune out of the currency; others lost a lot of money with it, but it is working right now.”

An interview about Bitcoin wouldn’t be a real interview without mentioning its volatility of course. Branson did not seem too concerned about that.

“Yes, it is volatile but volatility is a state that enables people to make money from the currency.”

Having a public figure like Branson telling the world that Bitcoin is working, is great for the cryptocurrency. People like him are well respected, and their words carry a certain value with them. The world believes that they know what they are talking about. History has also shown that Branson knows which projects to endorse and where to steer clear from. Embracing Bitcoin can only make people more interested in what this virtual currency is all about.

So to everyone interested in venturing into outer space, now is your chance! Have your bitcoins (a lot of them) ready and book yourself a seat on one of Virgin Galactic’s upcoming flights. According to Branson, the spacecrafts are almost ready, and the program should be starting somewhere early next year. To infinity… and beyond, with Bitcoin!

Images from Shutterstock.

Last modified (UTC): December 17, 2017 04:45

Christoph Marckx @cryptomaniacs

Internet addict and virtual currency aficionado living in Belgium. I work in a school, where I am responsible for every computer and the entire network that keeps our students connected to the world. I love cryptocurrencies, mostly because it gives us a chance to take back our freedom. If we do this right, there are exciting times ahead!