Former Google CEO Eric Schmidt Announces His Favorite Altcoin!

Eric Schmidt, former CEO of Google, who is among the 100 richest people in the world with a fortune of 3.1 billion USD, expresses that he is very hopeful about web3.

There are 21,000 cryptocurrencies in the cryptocurrency market. While many of these coins are working towards solving a specific problem, many of them are expressed as projects that want to take advantage of the hype in cryptocurrencies and do not aim to solve a problem. This diversity makes it difficult for investors to make decisions. It becomes difficult for them to determine which project is the right one and evaluate their investments accordingly. Speaking about this diversity, former Google CEO Eric Schmidt stated that Chainlink (LINK) has superior technology and is one step ahead of its competitors. Schmidt added that the future of LINK is bright. In a recent conversation with Chainlink founder Sergey Nazarov, Schmidt emphasized that Chainlink scales better than other cryptocurrencies such as Bitcoin and Ethereum. The famous CEO made the following statements in his assessment: "The companies that won in Web2 had better technology. And they put more capital to work, moved faster and grew faster. In this context, I think the same characteristics that made the tech giants successful in the last decade also apply to Chainlink. Chainlink was early and very smart in entering web3. Web3 will eventually replace web 2.0, which was dominated by giants like Google and Facebook. The winners (and I think this definitely applies to Chainlink) have better technology and scale better. Now I'm speaking as a computer scientist and you have to get the architecture right so you can go from 10 users to 10 million users and most of the systems." Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account! The investment information, comments and recommendations in this article do not constitute investment advice. Investment advisory services are provided individually, taking into account the risk and return preferences of individuals. The content contained herein is in no way directive and the recommendations are general in nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in accordance with your expectations.