RATE Group | Ex-Paypal CEO Labels Cryptocurrency ‘A Cult’ That’s ‘Headed Straight to Zero’
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Ex-Paypal CEO Labels Cryptocurrency ‘A Cult’ That’s ‘Headed Straight to Zero’

15 Aug Ex-Paypal CEO Labels Cryptocurrency ‘A Cult’ That’s ‘Headed Straight to Zero’

Posted at 16:13h in Cryptocurrency News by

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Today, PayPal CEO Bill Harris debuted on CNBC’s Fast Money where he provided a no holds barred lambast of bitcoin and other cryptocurrencies.

Bitcoin is a “Cult”

The world hasn’t heard much from Bill Harris since April 24th, when his inflammatory claims of Bitcoin 00 being “the greatest scam in history” and “a colossal pump-and-dump scheme, the likes of which the world has never seen.” made waves in the cryptocurrency universe.

Today the former Paypal CEO joined a panel on CNBC’s Fast Money where he described cryptocurrency as a “cult” that is “headed straight to zero.” When asked to elaborate, Harris came out swinging and said,

I don’t think I said it’s going to zero, I said it’s going to go, eventually, a whole lot closer to zero, than a lot because there’s just no value there.

Today the former Paypal CEO joined a panel on CNBC’s Fast Money where he described cryptocurrency as a “cult” that is “headed straight to zero.”

He then went on to say, “You can sum it up this way, the cult of bitcoin makes many claims, that it’s instant, free, scalable, efficient, secure, globally accepted,…

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