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Founders of Tech Giants Skype and Intercom Investing in Bitcoin and Cryptocurrency

November 17, 2020

The founders of Skype and Intercom are the latest high-profile entrepreneurs to make their support for Bitcoin public.

Jaan Tallinn, co-founder of telecommunications app Skype, tells Fortune in a new interview that he actually keeps most of his personal wealth in cryptocurrency.

Earlier this year, Tallinn donated about $316,000 worth of Bitcoin to Faculty, a UK-based artificial intelligence company, to fund a program focused on the risks of AI. In 2018, he donated about $434,000 worth of Ethereum for the same purpose.

Eoghan McCabe, the co-founder and chairman of the customer messaging company Intercom, says on Twitter that he also supports Bitcoin.

“I would like to announce that after years of dabbling, I’ve jumped firmly onto the Bitcoin wagon and would now like everyone else to do the same.”

McCabe encourages people to “hodl” BTC and says that recent institutional engagement convinced him the asset “was going mainstream.”

McCabe, however, notes that his company won’t adopt the digital asset just yet.

“Unfortunately. the laws of physics of big companies state that there are years between the point a founder thinks something is a good idea and his company acts on said idea. But I also think Bitcoin is not a fit for us just yet.”

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Sararwut Jaimassiri