Sharing his school of thoughts on his WeChat Moment (China’s equivalent to WhatsApp), Jeffrey Wernick, early investor of Airbnb, Uber and Bitcoin, commented on President Donald Trump’s theory that Bitcoin is based on air. “Air is what we breathe to sustain us… Air is life.”
“The dollar is based on instruments of death and coercion. An army. Nuclear weapons. Sanctions. Acts or terrorism. And all those weapons and instruments of coercion and control users to back up the dollar are impotent against Bitcoin.”
“Sound money does not require force. But consensus. Something Trump clearly does not understand,” concluded he.