Former PayPal president express his views on BTC at the goal of Bitcoin corporation, stating it could become the native currency of AI.
A former PayPal president named David Marcus adopted a bullish view on Bitcoin, the cryptocurrency with the world’s largest market cap, despite the fact that Bitcoin’s price has been volatile in recent times.
Former PayPal President had a conversation with Michael Saylor at the Bitcoin for Corporations event in 2024. During their conversation, former PayPal President declared that Bitcoin would be the future native currency of artificial intelligence (AI), which caused tongues to wag all around the cryptocurrency community.
Former PayPal President Opinion On Bitcoin
The goal of Bitcoin for Corporations, a significant event that brings together influential business executives, financial executives, and technology pioneers, is to provide a forum for the discussion of Bitcoin’s possible applications in the business sector.
The words made by the former president of PayPal regarding Bitcoin have sparked a surge of optimism over the future of the world’s first cryptocurrency.
These remarks coincide with the rapid rise of artificial intelligence. The former PayPal President specifically highlighted the rapidly evolving landscape of digital currencies in his speech, emphasizing the critical need for a form of digital value that all countries worldwide support.
Concerning this matter, Marcus called attention to the intrinsic properties of Bitcoin, implying that the cryptocurrency is the frontrunner in the situation of ‘neutrality’ within the domain of cryptocurrencies.
He went on to say, “So if you make Bitcoin extremely efficient and extremely fast in real-time at the speed of AI transactions, then that is basically going to be the native currency of AI.
“Marcus drew attention to the possibility of artificial intelligence constructing its own neutral language in order to function, drawing comparisons to the development of AI translation services, primarily those provided by Google.
The former president captivated investors in the cryptocurrency market with an intriguing question: “So what is the value between AI agents?”The response that Marcus gave to this was, “Unquestionably, Bitcoin, because that is the native language of value on the internet.”
Because of this, cryptocurrency traders and investors all over the world went into a frenzy, which highlights the fact that Bitcoin has the ability to continue its growth and develop in parallel with new technology.
Recent trading activity for the token, on the other hand, has been negative, which has sparked conjecture over its ability to bring traders gains in the short run.
Bitcoin Price Tumbles
The price of Bitcoin was $57,748 at the time of this writing, representing a 1.13% loss in value over the previous day. The token undergoes a significant change as it enters a reaccumulation phase after half of its supply expires.
Corrections and consolidations make up this phase. Nevertheless, the words made by the former President of PayPal have generated excitement throughout the whole cryptocurrency ecosystem, and the token itself reflects an even greater sense of hope for its future.
Furthermore, it is important to keep in mind that a parabolic rally for Bitcoin may be on the horizon for the cryptocurrency market.