THELOGICALINDIAN - Today PayPal CEO Bill Harris debuted on CNBCs Fast Money area he provided a no holds barred lambast of bitcoin and added cryptocurrencies
The apple hasn’t heard abundant from Bill Harris back April 24th, back his anarchic claims of Bitcoin [coin_price] actuality “the greatest betray in history” and “a colossal pump-and-dump scheme, the brand of which the apple has never seen.” fabricated after-effects in the cryptocurrency universe.
Today the above Paypal CEO abutting a console on CNBC’s Fast Money area he declared cryptocurrency as a “cult” that is “headed beeline to zero.” When asked to elaborate, Harris came out accepted and said,
He again went on to say, “You can sum it up this way, the band of bitcoin makes abounding claims, that it’s instant, free, scalable, efficient, secure, globally accepted, and useful. It is none of these things.”
While Harris agrees that bound affective money beyond borders is difficult, he durably believes that “what the apple needs is faster networks, not Bitcoin or XRP to move money beyond borders.”
When apprenticed by Brian Kelly to bigger busy on how Harris believes there is no use case for Bitcoin, Harris argued that “we’ve got agenda currencies, and we’ve got agenda currencies that are added stable, broadly accustomed and accept built-in value.”
“I see actually no acumen why bitcoin is useful. I beggarly listen, it’s animation alone, makes it abortive and a acquittal apparatus and antic as a abundance of value.”
For a being with added than 20 years acquaintance in silicon valley, adventure capital, and FinTech, Harris’ allegiant admonishment of bitcoin and added cryptocurrencies is rather surprising. He adored the best for aftermost by catastrophe the account with this:
Do you accede or disagree with Bill Harris? Share your thoughts below!
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