Summary
- David Marcus, former PayPal CEO, said Bitcoin (BTC) is superior to gold as a store of value.
- He said Bitcoin enables fast and seamless transactions in a digital economy and has a structure that allows value to be stored and transferred without physical assets or intermediaries.
- He added that if Bitcoin’s market capitalization reaches the same level as gold, the price of Bitcoin could rise to $1.1 million–$1.5 million per coin.
David Marcus, former chief executive officer (CEO) of PayPal, said Bitcoin (BTC) is superior to gold as a store of value.
In a post on X (formerly Twitter) on the 28th (local time), Marcus said, “Gold is a traditional store of value, but as a physical asset it has limitations in portability and efficiency,” adding, “By contrast, Bitcoin enables fast and seamless transactions in a digital economy.”
He noted in particular, “With just a 12-word seed phrase, you can securely transfer enormous value,” explaining, “The ability to store and transfer value without physical assets or intermediaries is a groundbreaking structure.”
Marcus also added that “if Bitcoin’s market capitalization reaches the same level as gold, the price of Bitcoin could rise to $1.1 million to $1.5 million per coin.”
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
