/biz/ - Business & Finance

the biggest surprise from the senate hearing wasn’t the General positive response, but rather the endorsement of one very wealthy Senator, Mark Warner.

Mark Warner’s explicitly claimed that cryptocurrency’s rise is very similar to that of how the cellphone grew; which he states he gained most of his personal wealth from. So I checked his wiki:

>As founder and managing director of Columbia Capital, a venture capital firm, he helped found or was an early investor in a number of technology companies, including Nextel. He co-founded Capital Cellular Corporation, and built up an estimated net worth of more than $200 million.[5][6] As of 2012, he was the wealthiest U.S. Senator.[7]

This guy had a front row seat at the development of the cellphone and thinks crypto will be as “transformational” as the cellphone and will exceed a marketcap of “20 trillion in 2020”. Those are very bold things to say coming from a very respectable person.