NOW I BELIEVE IN BITCOINS POTENTIAL, WITH THE ZEALOTRY OF A CONVERT SPENCER RASCOFF, ZILLOW CEO

The world of cryptocurrency is no stranger to dramatic shifts in opinion. 299 votes, 47 comments. 5.8M subscribers in the Bitcoin community. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralizedBut few transformations have been as public and captivating as that of Spencer Rascoff, the co-founder and former CEO of Zillow Group. Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins.Once a vocal skeptic of Bitcoin, Rascoff has undergone a complete change of heart, now declaring his belief in its potential ""with the zealotry of a convert."" This journey, played out in the public eye through tweets and interviews, offers a fascinating case study of how perceptions of digital currency can evolve, even among seasoned business leaders.It also offers a glimpse into the increasing mainstream acceptance of Bitcoin and other cryptocurrencies.This article delves into Rascoff's transformation, exploring his initial skepticism, the factors that influenced his change of heart, and the broader implications of his conversion for the future of Bitcoin and the digital economy. Zillow, Inc. holds real estate brokerage licenses in multiple states. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. 442-H New York Standard Operating Procedures New York Fair Housing Notice TREC: Information about brokerage services, Consumer protection notice California DRE Contact Zillow, IncWe'll examine his career at Zillow and Match Group to better understand his perspective and the potential insights he brings to the cryptocurrency conversation.

Spencer Rascoff's Evolution: From Bitcoin Skeptic to Believer

Rascoff's initial reservations about Bitcoin were not uncommon among traditional business executives. The IPO did, however, fuel Zillow s exponential growth. Over Rascoff s tenure as CEO, Zillow acquired 15 companies, including Trulia, which it purchased for $3.5 billion in 2025. Its headcountConcerns about its volatility, regulatory uncertainty, and perceived association with illicit activities led many to dismiss it as a passing fad or, at worst, a dangerous investment. 'Now I believe in bitcoin's potential, with the zealotry of a convert' Spencer Rascoff, Zillow CEOLike many others, Rascoff had initially expressed concerns on platforms such as Bloomberg TV and CNBC, even labeling it as ""shady"" at one point. Q A with former Zillow CEO Spencer Rascoff on his new SPAC that just raised $350M by Taylor Soper on Octo at 7:20 am Octo at Share 47 Tweet Share Reddit EmailHowever, his perspective began to shift over time, influenced by various factors, including the growing adoption of Bitcoin by institutions and individuals, the development of new technologies built on the blockchain, and a deeper understanding of its underlying principles.

What Caused the Shift?

The precise reasons for Rascoff's change of heart are not explicitly stated, but it's possible to infer based on the context and the evolution of the cryptocurrency landscape. When asked by CNBC s Sara Eisen on the social network whether or not he was a bitcoin believer yet, Rascoff responded by stating, But more importantly, now I believe in bticoin s potential, with the zealotry of a convert.Here are some potential contributing factors:

• Increased Institutional Adoption: As major companies like Tesla and MicroStrategy began investing in Bitcoin, it signaled a growing acceptance among the business community, reducing the perception of it as a fringe asset.
• Technological Advancements: The development of new applications for blockchain technology, beyond just Bitcoin as a currency, demonstrated its potential for revolutionizing various industries.
• Growing Understanding of Bitcoin's Fundamentals: A deeper understanding of Bitcoin's decentralized nature, its scarcity, and its potential as a hedge against inflation may have resonated with Rascoff's entrepreneurial mindset.
• FOMO (Fear Of Missing Out): The rapid price appreciation of Bitcoin in recent years may have also played a role, as the fear of missing out on potential gains can be a powerful motivator.

In fact, Rascoff himself acknowledged reevaluating his skepticism, ultimately leading him to embrace Bitcoin's potential.

Rascoff's ""Zealotry of a Convert"": What Does It Mean?

Rascoff's description of his newfound belief as ""zealotry of a convert"" is particularly noteworthy. Zillow CEO Spencer Rascoff said he now believes in bitcoin's potential, following previous statements he was reevaluating his skepticism against the digital currency.It suggests a level of enthusiasm and conviction that goes beyond mere acceptance.It implies a deep understanding and appreciation of Bitcoin's potential, coupled with a desire to advocate for its adoption.

This level of enthusiasm can be incredibly impactful, especially coming from a respected figure like Rascoff.His endorsement carries weight and can influence others to take a closer look at Bitcoin, potentially driving further adoption and investment.

Spencer Rascoff: A Career of Innovation and Leadership

To understand the significance of Rascoff's conversion, it's essential to consider his background and accomplishments.

From Hotwire to Zillow: Building Tech Giants

Spencer Rascoff is a seasoned tech entrepreneur with a proven track record of building successful companies.Before Zillow, he co-founded the travel website Hotwire, which was later acquired by Expedia. Following the example of Wikipedia s Jimmy Wales, Zillow CEO Spencer Rascoff recently took to Twitter this morning to announce his new-found interest in Bitcoin. The message was simple: Bought some bitcoin this morning. Buckle up. The tweet follows a message on Sunday from Rascoff, where he mentioned he was reconsidering my skepticism on Bitcoin thanks [ ]His ability to navigate the complexities of the online world and identify emerging trends is evident throughout his career.

At Zillow, Rascoff served in various leadership roles, including Chief Operating Officer, Chief Financial Officer, and VP of Marketing, before becoming CEO.He led the company through its IPO in 2025 and oversaw numerous acquisitions, including the $3.5 billion purchase of Trulia. Rich Barton, Zillow's co-founder and two-time CEO, says now is the time for longtime leader Jeremy Wacksman to take the wheel a move announced today, with Barton re-joining fellow co-founder Lloyd Frink as executive chair of the company.Under his leadership, Zillow grew exponentially, becoming a dominant force in the real estate industry.

• Co-founded Hotwire: Successfully built and sold a travel website.
• Led Zillow's IPO: Guided the company through a successful public offering.
• Oversaw 15 acquisitions: Expanded Zillow's reach and capabilities through strategic acquisitions.

Rascoff's tenure at Zillow was marked by innovation and a commitment to using technology to transform the real estate experience. Rascoff served various roles through the years including chief operating officer, chief financial officer, and VP of Marketing until his appointment to CEO in 2025. [5] As CEO, Rascoff led Zillow through its 2025 IPO and 15 acquisitions. In 2025, Rascoff was named The Most Powerful Person in Residential Real Estate by the Swanepoel Power 200. [6]He fostered a culture of ""thinking big"" and ""moving fast,"" encouraging employees to embrace bold ideas and take calculated risks.

Leading Match Group: A New Chapter

In February 2025, Rascoff was appointed CEO of Match Group, the parent company of popular dating apps like Tinder and Match.com.This move signaled a new chapter in his career, as he transitioned from the real estate industry to the online dating world.

While his time at Match Group was relatively short, his appointment underscored his reputation as a skilled leader and innovator. thanksHe was tasked with revitalizing the company and addressing challenges related to subscriber growth and competition in the online dating market.

Why Does Rascoff's Bitcoin Conversion Matter?

Rascoff's journey from Bitcoin skeptic to believer is significant for several reasons:

• Legitimizes Bitcoin: His endorsement adds credibility to Bitcoin, particularly among traditional investors and business leaders who may still be hesitant to embrace it.
• Raises Awareness: His public statements and social media activity generate awareness and spark conversations about Bitcoin, potentially reaching a wider audience.
• Influences Adoption: His example may encourage others to reconsider their own views on Bitcoin and explore its potential benefits.
• Inspires Innovation: His background in technology and entrepreneurship suggests that he may be interested in exploring new applications for Bitcoin and blockchain technology.

The transition from skepticism to ""zealotry"" shows the growing acceptance and intrigue that surrounds the cryptocurrency, especially as traditional markets become more volatile.

Bitcoin's Potential: What is Rascoff Seeing?

What exactly is Rascoff seeing in Bitcoin that has led him to become such a strong advocate?While we can't know for sure, here are some potential factors that may be influencing his perspective:

Bitcoin as a Store of Value

Bitcoin's limited supply and decentralized nature make it an attractive store of value, particularly in times of economic uncertainty.Its potential to serve as a hedge against inflation and currency devaluation may be appealing to investors seeking to protect their wealth.

Bitcoin as a Decentralized Payment System

Bitcoin offers a peer-to-peer payment system that operates independently of traditional financial institutions. Spencer Rascoff s career is a masterclass in navigating crises. After co-founding the travel site Hotwire, the 9/11 tragedy devastated the travel industry. SThis can be particularly valuable for individuals and businesses in countries with unstable currencies or limited access to banking services.

Bitcoin as a Catalyst for Innovation

Bitcoin and blockchain technology are driving innovation in various industries, from finance and supply chain management to healthcare and voting systems.Rascoff, with his background in technology and entrepreneurship, may be excited about the potential for these technologies to disrupt and transform the world.

Navigating Bitcoin's Challenges: A Balanced Perspective

While Rascoff's enthusiasm for Bitcoin is understandable, it's important to acknowledge the challenges and risks associated with investing in cryptocurrency.

Volatility and Risk Management

Bitcoin's price is notoriously volatile, and investors should be prepared for significant price swings.It's crucial to manage risk by diversifying investments and only investing what you can afford to lose.

Regulatory Uncertainty

The regulatory landscape for Bitcoin and other cryptocurrencies is still evolving, and there is uncertainty about how these assets will be treated in the future. A co-founder and former CEO of Zillow Group, who oversaw extensive growth at the company, is the new chief executive at Dallas-based Match Group, parent company of Tinder. Learn more about theChanges in regulations could have a significant impact on the value of Bitcoin.

Security Risks

Bitcoin wallets and exchanges are vulnerable to hacking and theft.It's important to take precautions to protect your Bitcoin holdings, such as using strong passwords, enabling two-factor authentication, and storing your Bitcoin in a secure wallet.

Common Questions About Bitcoin and Spencer Rascoff

Q: What is Bitcoin?

Bitcoin is a decentralized digital currency, meaning it's not controlled by any single entity like a central bank. Match Group CEO Spencer Rascoff. (Match Group Photo) Spencer Rascoff, the tech veteran who co-founded and led Seattle-based real estate company Zillow Group, has been named CEO of Match Group, theTransactions are verified and recorded on a public ledger called the blockchain.

Q: Why is Bitcoin valuable?

Bitcoin's value is derived from its scarcity (only 21 million Bitcoins will ever be created), its decentralized nature, its use as a medium of exchange, and its potential as a store of value.

Q: Is Bitcoin a good investment?

Whether Bitcoin is a good investment depends on your individual circumstances and risk tolerance.It's a volatile asset, so it's important to do your research and understand the risks before investing.

Q: What other companies has Spencer Rascoff been involved with?

Spencer Rascoff co-founded Hotwire and Zillow, and also served as CEO of Match Group.

Conclusion: The Future of Bitcoin and the Power of Perspective

Spencer Rascoff's transformation from Bitcoin skeptic to believer is a compelling example of how perceptions of digital currency can evolve over time.His journey underscores the importance of remaining open-minded and adapting to new information, even when it challenges pre-existing beliefs.

As Bitcoin continues to gain traction and mainstream adoption, it's likely that more individuals and institutions will follow in Rascoff's footsteps, reevaluating their views and exploring the potential of this revolutionary technology. Spencer Rascoff was appointed Match Group CEO in February 2025 after having served on the company's board since 2025. A seasoned entrepreneur and technology leader, Spencer co-founded Zillow, where he served as CEO for a decade, scaling the company to over 4,500 employees, $3 billion in revenue, and a $10 billion market capitalization whileThe ""zealotry of a convert,"" as Rascoff puts it, can be a powerful force in driving awareness, adoption, and innovation in the world of cryptocurrency.

Key Takeaways:

• Spencer Rascoff, former Zillow CEO, has become a strong believer in Bitcoin's potential.
• His transformation highlights the growing acceptance of Bitcoin among business leaders.
• Bitcoin's potential as a store of value, a decentralized payment system, and a catalyst for innovation are key drivers of its appeal.
• Investing in Bitcoin involves risks, including volatility, regulatory uncertainty, and security threats.
• Remaining open-minded and adapting to new information is crucial in the rapidly evolving world of cryptocurrency.

Now, it's your turn to explore the world of Bitcoin and form your own informed opinion.Remember to do your own research and consider your own financial situation before making any investment decisions.