Jeffrey Wernick is an independent investor with many early investments in companies that have become leaders today, such as Uber and Airbnb. He also invested in Bitcoin in 2009, the year it was launched. In an interview with Business Insider, he stated that he believes Bitcoin's value comes from its ability to solve the biggest problems of traditional fiat currency.
Wernick currently serves on the advisory boards of DataWallet, a digital data wallet, and Qtum, a decentralized blockchain application platform. He previously founded and sold the risk management company AVI Portfolio Services. Since then, he has focused on his private investment ventures.
"Initially, my interest in Bitcoin was not only economic but also about what could enhance the good relationship between citizens and the government," he added. "It's a people's currency, defined by the people through rules and protocols trusted by them. And I think in a world where we lack trust, it's good to have protocols that people trust and control, rather than being ruled by third parties."
"Ultimately, everyone has the opportunity to access Bitcoin at any time... No one has more right than another, except perhaps the miners who invest in its production and bear the associated risks, and anyone can choose to enter Bitcoin mining."
This is one of many who believe in a bright future for Bitcoin. For example, Tim Draper, an early investor in pioneering projects like the Internet, Tesla, Skype, and Hotmail, has said that "Bitcoin will be bigger than the Internet," among other predictions.