The former president of PayPal and ex-Facebook vice-president, David Marcus, says Bitcoin () is in a class of its own compared to other crypto assets.
In an appearance on the What Bitcoin Did podcast, the founder of Lightning Network payments protocol Lightspark he now has the “unshakeable conviction” that Bitcoin “is the only form of neutral internet money there will ever be.”
“Bitcoin has more regulatory clarity than any other crypto asset out there. It is widely accepted by a lot of regulated financial institutions. Fidelity [Investments] has a Bitcoin-denominated 401k, and there are a bunch of spot Bitcoin ETFs that are awaiting approval. Eventually, it’ll happen.
And outside of the US, banks can touch Bitcoin and do, and they want to really embrace the capabilities that Bitcoin brings to the table.”
According to Marcus, Bitcoin will endure as it has reached “past the point of existential threat.”
“It’s not completely off the table [existential threats]. But I feel like in the land of all digital assets, ones you can create, ones that already exist, it is by far, and arguably maybe by an order of magnitude, better equipped to resist all of these types of attacks and challenges.”
BTC is trading at $26,781 at time of writing.
