PayPal’s Chief Executive Officer – Dan Schulman – repeated his viewpoint regarding the industry of cryptocurrency. He mentioned that the connection between digital wallets, stablecoins, CBDCs, and digital assets will re-establish several advancements in the world of finance. He is not apprehensive regarding the future value of Bitcoin. As per him, the highly significant thing is the potential of the industry to renovate the financial system.
High expectations from Crypto
The prominent executive from PayPal has been a great supporter of the market of cryptocurrency for some time and even acknowledged in 2019 to have possessed Bitcoin. In the relatively recent speech thereof at Axis Tel Aviv, the executive reinforced his standpoint anticipating that the mixture of digital wallets, stablecoins, central bank digital currencies, as well as digital assets could reform the sector of monetary.
In his words, the linking that the above-mentioned technological financial products have with one another is captivating, however, it could bring about a change in the majority of the system of finance to assist it in moving ahead. Among the most exciting subjects are the USD value of Bitcoin and the anticipation of the movements thereof throughout the coming months and even the years.
Nonetheless, he considers this inappropriate. According to Schulman, the things to be aware of include the digital asset industry’s merits as well as the potential to influence the department of finance confidently.
Apart from this, he expressed to be much thrilled about the capability of digital ledger technology as well as cryptocurrency in the case of the financial system to move forward. For him, the topics thought by everyone regarding crypto such as selling and buying it, and Bitcoin’s value in the next time are the things that he is least interested in.
Similar vision like Novogratz
Another top person who has a similar stance as Dan Schulman is Mike Novogratz (the CEO of Galaxy Digital). In the previous week, he anticipated that blockchain technology and crypto will modernize the world in some unimaginable ways.
In addition to this, Novogratz suggests that the executive order of Joe Biden (the president of the United States) regarding cryptocurrencies will assist the asset class industry to a great extent. He moved on to reveal that the administration has willingly welcomed the respective order, having an opportunity to turn the US into a crypto leader.