Fred EhrsamBoard of Directors at Coinbase, Previous Co-Founder of Coinbase Source
Bitcoin as a payment system is just one of the potential applications of the network. To cap Bitcoin’s value here would be like saying that the Internet, in the early days, was only as valuable as its ability to send email in a more efficient way than fax or snail mail. Bitcoin is valuable as a currency because of the economic efficiencies the Bitcoin network is already creating as transactions flow over it. As with the Internet, more applications will flourish which will make the Bitcoin network, and thus Bitcoin as a currency, valuable.
