Patrick Byrne, who has often had a conflicted past with the financial community is rising as an advocate once again. In the early 2000’s Mr. Byrne took a public stance against naked shorts, a sophisticated stock trading transaction that Mr. Byrne claimed was used by among others Mark Cuban and his investors to manipulate Overstock.com’s stock price. Many felt Mr. Byrne’s claims did have merit and he did usher awareness, however they were dismissed by most. Will this be the case once again, or is Mr. Byrne going to push the ball forward again.
The CEO of the major online retail platform Overstock.com, which started accepting cryptocurrency payments last week, says that big companies like Amazon will have to change their point of view about digital money and make the same move.
patrick-byrne-overstock1 Patrick Byrne is a man surrendered to the power of Bitcoin. The CEO of the major online retail platform Overstock.com , which started accepting cryptocurrency payments last week, says that big companies like Amazon will have to change their point of view about digital money and make the […]
The entrepreneur stated that “that piece of the market is growing at about a rate of 30 percent per month“.
Despite this fact, the entrepreneur assured that Overstock did not make this move as a publicity stunt. Their goal, according to the CEO, is to “tap into that market of consumers who are really committed to Bitcoin”.
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