Overstock CEO: Crypto Investments Are Ready for Prime Time 1

Overstock CEO and Medici Ventures President Jonathan Johnson has been betting on crypto companies for most of the last decade. Now he believes these investments are finally ready to enter the real world.

In an interview at the Digital Money Forum during CES 2020, Johnson talked about Medici’s portfolio of companies and said many of them are shipping products. He still believes, however, the ecosystem is being driven by early adopters.

“There will always be early adopters who take it and it will become more widespread. I think we’re in the early adopter stage of product in production, not the widespread stage quite yet,” he said.

Johnson believes the real value blockchain brings isn’t quite clear but it will be as the use cases become more visible. He sees companies like Voatz as leading the way in blockchain-powered solutions.

“It’s understanding which problems the technology solves,” he said. “So, for example, in the voting space, it’s overseas voters. It’s military personnel and their families. Or it’s disabled voters where the mayor has to have a compliance mechanism to comply with the Americans with Disabilities Act.”

Ultimately, he believes mass adoption comes from understanding.

“Blockchain technologies could [solve those problems.] So when these companies can explain the solution that they’re providing, then I think it becomes more readily adopted,” he said.

Check out the rest of the video for the rest of his comments on blockchain adoption.

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The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Overstock CEO: Crypto Investments Are Ready for Prime Time 2
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USD
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$ 42,340.00
ethereumEthereum (ETH)
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bitcoin-cashBitcoin Cash (BCH)
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litecoinLitecoin (LTC)
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bitcoinBitcoin (BTC)
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ethereumEthereum (ETH)
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tetherTether (USDT)
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bitcoin-cashBitcoin Cash (BCH)
435,27
litecoinLitecoin (LTC)
127,25
bitcoinBitcoin (BTC)
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ethereumEthereum (ETH)
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tetherTether (USDT)
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109.40

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
--- --- --- ---
--- --- --- ---
--- --- --- ---
Tether0.9986 0.03 % 0.08 % 0.23 %
--- --- --- ---
--- --- --- ---
--- --- --- ---
Polkadot30.87 2.19 % 17.29 % 10.73 %
--- --- --- ---
--- --- --- ---

bitcoin
Bitcoin (BTC) $ 42,340.00
ethereum
Ethereum (ETH) $ 2,915.30
cardano
Cardano (ADA) $ 2.25
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 351.04
xrp
XRP (XRP) $ 0.932031
solana
Solana (SOL) $ 138.08
polkadot
Polkadot (DOT) $ 30.43
usd-coin
USD Coin (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.208779