The former head of PayPal: as a means of payment bitcoin useless

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Former PayPal CEO bill Harris believes the bitcoin can not be used as a means of payment, and the bitcoin will fall to values close to zero.

“The cult approves bitcoin — btc is instant, free, scalable, efficient, secure, globally accepted and useful — it does not match any of these characteristics”.

Harris noted that transactions in the bitcoin network slow, its price is volatile, and the network itself has a low scalability.

“By itself it makes btc useless as a payment mechanism and ridiculous as a means of accumulation”.

A few months ago, Harris has already expressed his opinion regarding cryptocurrency. He noted that the money needs to be digital, but the dollar and other Fiat currencies handle it much better than bitcoin.

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