Ripple CEO Brad Garlinghouse Says Ripple Is Taking Over Swift, Institutional Interest in XRP and Crypto Is Rising
This week, financial institutions expressed concerns towards rising US debt ($21.7T) . World’s largest asset manager BlackRock CEO Larry Fink: high inflation rate will hurt average American. Evercore CEO: growing US debt “irresponsible”. — Crypto looking like a good investment
Billionaire Eric Schmidt, the former chairman of Google, is a budding bitcoin and blockchain enthusiast who said ethereum could be a “powerful platform” whose untapped potential is off-the-charts.
Schmidt made the remarks during a live event with economist [Tyler Cowen](https://www.ccn.com/economist-if-crypto-remains-illegal-adoption-will-be-difficult/) hosted by Village Global in San Francisco.
In the wide-ranging [conversation](https://medium.com/conversations-with-tyler/eric-schmidt-tyler-cowen-google-ec33aa3e6dae), Schmidt discussed the future of technology, corporate governance reform, Google’s hiring practices, and bifurcation of the internet.
## Schmidt Now: Ethereum Has Major Potential
When asked whether he thought blockchain was overrated or underrated, Schmidt gave a compound answer. “In the public format, overrated. In its technical use, underrated,” he said (video below). “Today, blockchain is a great platform for bitcoin and other currencies. And it’s a great platform for private banking transactions where people don’t trust each other.”
Schmidt believes that exciting developments are occurring with [ethereum](http://ccn.com/ethereum-news) that could revolutionize business and society.