Famous investor: Algrand can be the “Google” of digital currencies

Anthony Scaramucci, a prominent figure in American politics and investment, has said that Algorand’s position in the digital currency space, like that of Google, was in the early years of the Internet. He believes Algrand has a chance to one day replace Atrium.

To Report Daily Hoodel, Scaramucci, founder of SkyBridge Capital, said Algrand, like Google in the early days of the Internet, would challenge its competitors in the digital currency industry.

In a recent interview with Digital Asset News, Scaramucci said he was about to make a heavy investment in Algrand; Because he believes that one day he will replace many of his competitors.

This famous investor has said:

I currently have $ 250 million in Algrand. I think Algrand will become the Google of digital currencies. When we were young, we used the AltaVista search engine to access the Internet. If you remember, we even used Lycos, America Online, and Prodigy. Then in 1998, a company called Google came into being. At the time, people were saying, “What good is a Google presence when there are different tools for accessing the Internet?” Some responded by saying, “Google is faster, it uses machine learning, and its algorithms are even wider.” “These facilities will lead to better results overall.” Now you see that Google has overcome them all, and I think that will happen to Algrand as well.

Algorithm is a Chinese blockchain network with a stock consensus algorithm that allows developers to build decentralized applications with the goal of providing financial services. The goal of this smart contract platform, which has challenged Atrium, is to speed up transactions while reducing the amount of shipping fees.

“Scaramucci says:

I believe that when large companies start offering tokens in the market and start operating in the world of Diffie, they will need a network like Algrand that is scalable, secure and decentralized so that they no longer have to worry about inflation fluctuations. Large companies use inflation fluctuations as a kind of “exchange value”. Algrand is a symbol of the future for me. The growth of this platform only requires more people to study it professionally and decide to choose it.

In an interview with CNN in December, Scaramucci said Algrand had a chance to take over Atrium’s current position as a leading platform for smart contracts.