Everybody has taken the Kool-Aid, the former PayPal CEO of Bill Harris told CNBC's 'Fast Money Program' on Thursday. He says, but maintains that Bitcoin is a scam. Online payment giant this former chief of PayPal is enthusiastic about the future of digital money.
It will be completely digital but this does not mean that we need a new currency to record. He has fully believed that this money should be digital and is becoming more digital. This digital currency cannot be an effective means of payment and neither can a large store of value be due to instability.
This Harris raised an issue with the connection between the value and utility of bitcoin. According to CoinDesk, Bitcoin was trading around $ 9,173 on Thursday. After this, half of its value was eliminated in the first three months of 2018. This cryptocurrency has increased from 1,300 percent last year to $ 20,000.
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