While the leading cryptocurrency Bitcoin continues its downward trend, it fell to $ 25,000 with its latest decline today.
While this decrease in BTC also shows itself in altcoins such as Ethereum (ETH), Arbitrum (ARB), investors continue to be worried about whether more decreases will come.
While the search for direction in BTC and altcoins continues, a Bitcoin statement came from David Marcus, former President of global payment giant PayPal.
David Markus, who participated in CNBC's Squawk Box, said the following about Bitcoin:
“We are trying to turn Bitcoin into a global payment network.
There is no universal monetary protocol that allows value to be moved on the Internet.
Our view is that BTC is not the currency people would use to buy things.”
"We're trying to turn #Bitcoin into a global payment network. There's no universal protocol for money on the internet that enables value to be transported," says @lightspark CEO @davidmarcus. "Our view is $BTC is not the currency people will use to buy things." pic.twitter.com/3fEBTzHxJS
— Squawk Box (@SquawkCNBC) September 11, 2023
As it is known, PayPal stands out with its innovative steps in the cryptocurrency industry.
BTC is at $25,100 at the time of writing after its decline.
*This is not investment advice.
