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Former Google CEO reveal to invest in crypto investment, interested in Web3

Eric Schmidt, the former CEO of Google with a net worth of $22.8 billion, revealed that he has invested a bit in crypto.

Posted on November 08 2022 By admin

Eric Schmidt, the former CEO of Google with a net worth of $22.8 billion, revealed that he has invested a bit in crypto.

 

In an interview on CNBC recently, Former Google CEO and President Eric Schmidt shared about cryptocurrencies, blockchain, and Web3.

 

Regarding his crypto investment, the former Google CEO revealed that “I have invested a bit of money in crypto”, but did not say specifically which coin he invested in. He said the path to investing in the Crypto market has only just begun and he is still learning them.

 

In addition to investing in crypto, he also stated that the most interesting part of Blockchain is Web3:

“A new model where you as an individual can control your identity, and where you don’t have a centralized manager, is very powerful. It’s very seductive and it’s very decentralized.” “I remember that feeling when I was 25 that decentralized would be everything,” he added.
 

Eric Schmidt noted that if he were to start today as a software engineer, he would want to work on AI algorithms or Web3.

 

He made it clear that his current interest in Web3 is particularly related to “tokenomics” and the specific demand and supply characteristics of cryptocurrencies.

“The economics of Web3 is very interesting. The platforms and models around it are also fascinating.”

 

Schmidt served as CEO of Google from 2001 to 2011. He was the executive chairman until 2017 and continued with the position of technical advisor until 2020. His total net worth is currently $22.8 billion, according to Bloomberg.