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


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

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Ethereum Has Major Potential: Billionaire Ex-Google CEO Eric Schmidt


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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.

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[https://www.ccn.com/ethereum-has-major-potential-billionaire-ex-google-ceo-eric-schmidt/](https://www.ccn.com/ethereum-has-major-potential-billionaire-ex-google-ceo-eric-schmidt/)

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