PayPal Co-founder Says Blockchain Good, Bitcoin Not So Sure

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Following a number of his colleagues in the financial sphere, PayPal Co-founder Max Levchin has said that Blockchain technology is revolutionary, but he’s still not sold on Bitcoin. The wildly successful entrepreneur is open on the cryptocurrency but still unsure of its long-term stability.

Based on an interview, Levchin made it clear that the power of Blockchain technology should be far-reaching, but there’s just no certainty with Bitcoin. However, the genius of the cryptocurrency is without question. He said:

"It's a brilliant mathematical idea, fantastic technology, an interesting commodity to speculate on. TBD on whether it's a currency or just a way to make money fast. I invest in things that I have a strong, long-term point of view on and Bitcoin I'm still trying to figure out.”


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