PayPal boss backs bitcoin, but not as a currency
PayPal president David Marcus has predicted that bitcoin could double its value over the next year as it continues to prosper as an investment asset but insists that the cryptocurrency is not a real currency.
Bitcoin has seen its price surge to around $1000 in recent weeks, prompting heated speculation about its true value. Marcus says that he is a fan of and owns bitcoin and expects growth to continue.
The PayPal chief sees the cryptocurrency as a speculative investment asset and as a useful store of value, telling the LeWeb conference: "It's a great place to put assets, especially in places like Argentina with 40% inflation, where $1 today is worth 60 cents in a year, and a government's currency does not hold value."
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PayPal president David Marcus has predicted that bitcoin could double its value over the next year as it continues to prosper as an investment asset but insists that the cryptocurrency is not a real currency.
Bitcoin has seen its price surge to around $1000 in recent weeks, prompting heated speculation about its true value. Marcus says that he is a fan of and owns bitcoin and expects growth to continue.
The PayPal chief sees the cryptocurrency as a speculative investment asset and as a useful store of value, telling the LeWeb conference: "It's a great place to put assets, especially in places like Argentina with 40% inflation, where $1 today is worth 60 cents in a year, and a government's currency does not hold value."
Continue reading:
finextra.com/news/fullstory.aspx?newsitemid=25531
Financial Year Links by Finyear is a Finyear service on a mission to save you time and keep you smart. Our team follows the relevant news, summarize it, link to the original sources and deliver it on the Finyear website and in the daily newsletter.
Financial Year Links by Finyear is not a finished product: please let us know what you think and if you have a suggestion, a complaint, or something we should link to, email us.
Financial Year Links by Finyear est un service Finyear dont la mission est de vous faire gagner du temps et de vous tenir informés. Notre équipe suit les actus pertinentes, les organise, créé un lien vers les sources originales et vous les communique sur le site Finyear et dans la newsletter quotidienne.
Financial Year Links by Finyear n'est pas un produit fini : faites-nous savoir ce que vous en pensez et si vous avez une suggestion, une remarque, ou une source que nous devrions suivre, écrivez-nous.
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises de la finance d’entreprise.
Lien direct : www.finyear.com/newsletter
Lisez chaque mois notre magazine digital sur www.finyear.com/magazine
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