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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...
EX Paypal CEO: Bitcoin Is the Only Blockchain Under Nobody’s Influence © Reuters EX Paypal CEO: Bitcoin Is the Only Blockchain Under Nobody’s Influence
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  • 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.

In an earlier tweet this month, the former CEO of Paypal expressed that most people only concentrate on the price of Bitcoin each time they talk about it rather than its underlying technology. He made a new-year resolution to shit the narrative. Specifically, he said:

When most people talk or think about Bitcoin, it’s all about the asset and its price. My hope (and goal) for this year is to start shifting the narrative to its underlying technology and what it’s capable of. So much opportunity lies ahead!

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.

See original on CoinEdition

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07-02-2023 07:42:35 (UTC+7)

EUR/USD

1.0734

+0.0004 (+0.04%)

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Moving Avg:

Buy (12)

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EUR/USD

1.0734

+0.0004 (+0.04%)

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GBP/USD

1.2036

+0.0020 (+0.17%)

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USD/JPY

132.41

-0.23 (-0.18%)

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AUD/USD

0.6894

+0.0013 (+0.18%)

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USD/CAD

1.3433

-0.0014 (-0.10%)

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EUR/JPY

142.13

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EUR/CHF

0.9955

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176.35

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Euro Stoxx 50

4,205.45

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S&P 500

4,111.08

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DAX

15,345.91

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FTSE 100

7,836.71

-65.09 (-0.82%)

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21,222.16

-438.31 (-2.02%)

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US Small Cap 2000

1,954.80

-30.73 (-1.55%)

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IBEX 35

9,159.20

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BASF SE NA O.N.

52.950

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Bayer AG NA

58.19

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Allianz SE VNA O.N.

219.30

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Adidas AG

155.36

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Deutsche Lufthansa AG

9.803

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Siemens AG Class N

142.96

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Deutsche Bank AG

11.356

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    EUR/USD 1.0734 ↑ Buy  
    GBP/USD 1.2036 ↑ Buy  
    USD/JPY 132.41 ↑ Sell  
    AUD/USD 0.6894 ↑ Buy  
    USD/CAD 1.3433 ↑ Sell  
    EUR/JPY 142.13 ↑ Sell  
    EUR/CHF 0.9955 ↑ Sell  
    Gold 1,883.25 ↑ Buy  
    Silver 22.325 ↑ Buy  
    Copper 4.0460 ↑ Buy  
    Crude Oil WTI 74.44 ↑ Sell  
    Brent Oil 81.40 ↑ Buy  
    Natural Gas 2.496 ↑ Sell  
    US Coffee C 176.35 Neutral  
    Euro Stoxx 50 4,205.45 Neutral  
    S&P 500 4,111.08 ↑ Buy  
    DAX 15,345.91 Neutral  
    FTSE 100 7,836.71 Neutral  
    Hang Seng 21,222.16 ↑ Buy  
    Small Cap 2000 1,954.80 ↑ Sell  
    IBEX 35 9,159.20 ↑ Sell  
    BASF 52.950 ↑ Sell  
    Bayer 58.19 ↑ Sell  
    Allianz 219.30 Neutral  
    Adidas 155.36 ↑ Sell  
    Lufthansa 9.803 ↑ Buy  
    Siemens AG 142.96 Sell  
    Deutsche Bank AG 11.356 ↑ Buy  
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