Stefan Mileschin

They wanna be rich

Big Tech is losing executives and engineers to chase Crypto which is being seen as a once-in-a-generation opportunity.

Google, Amazon, Apple and other large tech companies are losing such types who are turning down millions of dollars in annual compensation to chase digital currencies like Bitcoin and products like nonfungible tokens, or NFTs, that rely on the blockchain.

According to the local press, Silicon Valley is now awash with stories of people riding seemingly ridiculous crypto investments like Dogecoin, a digital coin based on a dog meme, to life-changing wealth.

Those supporters in the crypto market point out that Bitcoin has soared around 60 percent this year, while Ether, the cryptocurrency tied to the Ethereum blockchain, has increased more than fivefold in value.

With crypto, they see historical parallels to how the personal computer and the internet were once ridiculed, only to upend the status quo and mint a new generation of billionaires. Investors, too, have flooded in.

They have poured more than $28 billion into global crypto and blockchain start-ups this year, four times the total in 2020, according to PitchBook, a firm that tracks private investments. More than $3 billion has gone into NFT companies alone.
https://fudzilla.com/news/54097-big-...taff-to-crypto