Bitcoin's epic 2017 bull run was at least partly inspired by interest in bitcoin, cryptocurrency and blockchain from the world's biggest banks and financial institutions. Now, with the likes of Tesla's Elon Musk and Twitter's Jack Dorsey talking up bitcoin, PayPal chief executive Dan Schulman has revealed he's a bitcoin believer. Getty Images for Fast Company"Yes, only [bitcoin]," Schulman told Fortune magazine in response to being asked whether he holds any cryptocurrencies. "That doesn’t mean that I don’t think crypto is an interesting idea ... more commodity-like than it is cash-like right now. Many in the bitcoin and cryptocurrency industry were excited by Schulman's revelation, taking it as an endorsement of bitcoin and its potential.

Source: Forbes November 28, 2019 03:11 UTC