EX Paypal CEO: Bitcoin Is the Only Blockchain Under Nobody’s Influence
CoinEdition
Published Jan 16, 2023 12:30AM ET
Updated Jan 16, 2023 01:00AM ET
EX Paypal CEO: Bitcoin Is the Only Blockchain Under Nobody’s Influence
- David Marcus believes BTC is the only asset under nobody’s influence.
- The crypto community expressed a contrary opinion.
- The global crypto market cap is on track to cross the $1 trillion valuation again.
Recently, David Marcus, a former CEO of Paypal, asserted that Bitcoin is the sole blockchain not under the influence of any specific person, or company, compared to other so-called decentralized assets.
Marcus added that the financial world is yet to fully internalized the terminal value of Bitcoin’s decentralized nature. However, some crypto enthusiasts do not share Marcus’ sentiment. Mark Ghuneim argued that large stakeholder concentrations allow certain people, corporations, or organizations to influence the Bitcoin network.
Due to the FTX fiasco, Bitcoin (BTC) fell from over $21,000 to a two-year low of $15,883 last November. The coin never recovered its $21k price until yesterday, when it traded at $21,075, the first time in nearly nine weeks, according to data from the market tracking platform, CoinMarketCap.
Additionally, in an exciting turn of events, the global crypto market cap is on track to cross the $1 trillion valuation again after it closed 2022 below $790 billion.
The post EX Paypal CEO: Bitcoin Is the Only Blockchain Under Nobody’s Influence appeared first on Coin Edition.
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