Technology

Bill Gurley is sick of talking about cryptocurrencies

[ad_1]

Bill Gurley, general partner at Benchmark Capital.

David Paul Morris | Bloomberg | Getty Images

Bill Gurley, general partner at Benchmark Capital.

Bill Gurley said that he’s gotten sick of all the talk about cryptocurrencies.

“Everyone in this room is nauseous from discussions on crypto,” the general partner at venture capital firm Benchmark told an audience on Wednesday at the Goldman Sachs Internet and Technology Conference in San Francisco. “I suggest we move on.”

It’s true that topics surrounding bitcoin and blockchain have taken over Silicon Valley in recent months. The price of cryptocurrencies, particularly blockchain, skyrocketed in 2017 before crashing in January.

In November, Gurley told CNBC that he viewed bitcoin as an “incredible store of value in the rest of the world,” where economies and governments are less stable. He said at the time that Benchmark had put a small amount of money in bitcoin.

Benchmark hasn’t been a big crypto investor relative to some other venture firms, but it’s not ignoring the space. Peter Fenton, one of the firm’s partners, is taking a close look at the market, and according to a recent story in Recode, Benchmark is investing in the initial coin offering for messaging app Telegram.

[ad_2]
Source link

PropellerAds

About the author

mm

CNBC

Get latest business news on stock markets, financial & earnings on CNBC. View world markets streaming charts & video; check stock tickers and quotes.

Add Comment

Click here to post a comment

Leave your feedback. Tell us your opinion.

Advertisement

Advertisement

  • PropellerAds

Subscribe to Our Blog via Email

Enter your email address to subscribe to our blog and receive notifications of latest news around world related to Entertainment, Sports, Business, Health,How To's,etc by email.

Advertisement

  • PropellerAds