Summary
- David Marcus stated that Bitcoin is not just a store of value but will play an important role in everyday transactions.
- He predicted that the use of wallets managing Bitcoin will increase and it will be used like cash.
- Marcus analyzed that a transition to a hybrid system where digital assets and existing financial systems coexist will occur.
David Marcus, former CEO of PayPal and current CEO of LightSpark, stated in an interview with CNBC on the 2nd (local time) that "Bitcoin (BTC) is not just a store of value and will play an important role in everyday transactions in the future."
He said, "In the future, people will commonly use national currencies for daily expenses and hold and use Bitcoin acquired through rewards or microtransactions," predicting that "over time, the balance of Bitcoin held in consumer-managed wallets will gradually increase and will eventually be used like cash."
He continued, "A transition to a hybrid system where existing systems and digital assets coexist will occur," analyzing that "the current financial system, which has accumulated over decades and moves trillions of dollars annually, is gradually being dismantled."
He also pointed out that "the global economy still relies on slow payment systems and outdated infrastructure that do not match the digitized reality," and that "traditional systems like SWIFT cannot respond to future changes."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
!["No U.S. government backstop" shock…Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Su-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/a68e1192-3206-4568-a111-6bed63eb83ab.webp?w=250)
