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© Reuters EX Paypal CEO: Bitcoin is the only blockchain under nobody’s influence David Marcus thinks BTC is the only asset under nobody’s influence. The crypto community has expressed a contrary opinion.
Recently, David Marcus, former CEO of Paypal, claimed that it is the only blockchain not under the influence of any particular person or company, compared to other so-called decentralized assets.
Marcus added that the financial world has yet to fully internalize 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, companies, or organizations to influence the Bitcoin network.
Concentrated large stakeholder participations allow specific individuals, companies or groups to influence it. Market forces can also be influenced. see also “Bitcoin Genesis Block” or “Balales Bitcoin”
— Mark Ghuneim (@MarkGhuneim) January 14, 2023
In an earlier tweet this month, the former CEO of Paypal said that most people only focus on Bitcoin’s price whenever they talk about it rather than its underlying technology. He made a New Year’s resolution to shit the story. Specifically, he said:
When most people talk or think about Bitcoin, everything revolves around the asset and its price. My hope (and goal) for this year is to start moving the narrative to its underlying technology and what it’s capable of. So many opportunities are available to us!
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 $21,000 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 course to break through the $1 trillion valuation again after closing 2022 below $790 billion.
The post EX CEO of Paypal: Bitcoin is the only blockchain under anyone’s influence appeared first on Coin Edition.
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