Jen-Hsun Huang said that cryptocurrency is real and the world must come to terms with it

12/02/2018

stock Nvidia ( NVDA ) increased by USD 16.52, or nearly 8%, to USD 234.04, after better than expected fiscal results of the fourth quarter, which meant that the next goal to achieve is the price of 300 USD.

The founder and general manager of the company, Jen -Hsun Huang, asked if he would like to point something special about the report and further perspective, he began: “Of course, a lot is said about kryptowalucie “, Which means a big role cryptocurrency , such as Bitcoin and Ethereum and their role in selling the GPU. ” cryptocurrency was an important part of our business during the last quarter. ”

cryptocurrency it is still only a small part, because “data centers are developing very quickly”, which means an increase in the sale of chips for powering things such as A.I., which increased “more than three times” – he stressed.

Huang after a while, however, added: ” cryptocurrency it’s real “-not disappear.

Then he began an extended lecture on kryptowalucie :

This year, it seems that the world has come to terms with the fact of existence kryptowaluty . It is based on blockchain and is very safe. I see its real usefulness. It’s a real phenomenon, so everyone agreed. I am not against the concept of virtual currency – it is as real as virtual goods and video games. As we know, tens of millions of virtual goods are created and sold in virtual reality, and people invest thousands of hours to create space ships that they fight against each other. Thus, the concept of virtual goods and virtual worlds and virtual currency merge with each other.

“For us, this is very good information, because it causes additional demand for our graphics processors” – concluded Huang.