THELOGICALINDIAN - Searching for addition to argue you that Bitcoin is clutter Look no added than the above CEO of Paypal
Paypal’s above CEO, Bill Harris, charcoal as bearish as anytime on Bitcoin, the gold-standard to agenda currencies, telling CNBC‘s “Fast Money:”
Harris connected to affirmation that there is no affiliation amid bitcoin’s amount and it’s usefulness, claiming the cryptocurrency is neither an able agency of acquittal nor a safe abundance of value.
Naturally, he glossed over the actuality that abounding vendors do acquire bitcoin as payment, and that second-layer solutions such as Lightning Network will eventually advice accomplish affairs direct and around free, advertence instead:
One of Bitcoin’s amount attractions is its scarcity, as alone 21 actor bitcoins will anytime abide for. However, Harris additionally dismisses this absence as a admired aspect, stating:
Of course, cipher wants Harris’ autograph, which cannot be transacted digitally beyond borders as an able alteration of amount — so it’s not absolutely a like-for-like example.
Harris has a continued history of authoritative bearish animadversion back it comes to bitcoin, afresh calling it a “colossal pump-and-dump scheme, the brand of which the apple has never seen,” in an op-ed appear in Recode.
Nevertheless, Harris — like abounding Bitcoin naysayers — has annihilation but acceptable things to say about the Bitcoin’s blockchain component. He claimed:
Meanwhile, PayPal’s accepted arch banking officer, John Rainey, claimed that Bitcoin will become one day become a accepted and applicable agency of payment. In February, he claimed:
Earlier this year, PayPal’s accepted CEO, Dan Schulman, alleged Bitcoin “an absorbing experiment” in a Facebook Live event, while additionally acquainted that “it could change the world.”
Do you accede with Harris that Bitcoin is massively overvalued? Let us apperceive in the comments below!
Images address of Pexels, Shutterstock, Bitcoinist archives.
