The best chess player supports Bitcoin
Garry Kasparov, a Russian chess player who has come face to face with the IBM supercomputer Deep Blue, says Bitcoin, cryptocurrencies and blockchain technology are the solution to the demands for privacy in financial markets.
In an interview with Roger Huang on July 23, Kasparov said he sees many positive sides to cryptocurrency. According to him, they give individuals more control over their money, which is usually regulated "either by the state, corporations or outside entities."
"The good thing about Bitcoin is that you know exactly the magic number of 21 million," said the chess player, referring to the maximum number of Bitcoin (BTC) that will ever be mined. "But when you look at the other side, like the Fed, you never know how many trillions of dollars will hit the market tomorrow, which will destroy your savings."
Kasparov is the president of the Human Rights Foundation, which uses technology and digital innovation to protect those whose freedom is at risk. According to him, blockchain technology and cryptocurrencies such as Bitcoin are the "natural choice" to protect against violations of privacy and human rights.
"I think the steady rise in the popularity of Bitcoin, other cryptocurrencies, and blockchain technology as a concept is inevitable as it is a response to the transfer of power from individuals to states or other institutions that may affect our privacy without our consent."