Josh Silverman, the CEO of Etsy Inc., an American e-commerce company focused on vintage and craft supplies, has recently revealed that he has been holding Bitcoin for some years and believes it is a good store of value.
“I’ve held Bitcoin for six or seven years now I think; on the theory that I think it can be an interesting store of value. It could be an interesting tender someday. We need a whole lot of people to buy it and own it before I think it’s really useful for people as a form of tender.”
While the CEO of the company sees Bitcoin as a good store of value and has been investing in the currency for a substantial number of years, the decision on whether Etsy Inc will allow Bitcoin as a method of payment in the future is still undecided and is based on how well more people adopt the cryptocurrency in the future.
Earlier this week, a certain Indonesian man claimed to have used one bitcoin (BTC) as dowry for his marriage ceremony and explains that the gift is serving as a good investment asset for him presently.
Led by CEO Elon Musk, the company acquired $1.5 billion worth of bitcoin that skyrocketed the cryptocurrency price and rolled out the options to allow their clients to pay for Tesla products with bitcoin.
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