• David Marcus, the former PayPal executive, believes that bitcoin will still be the face of both money and payments in the future.
• He has seen more than three crypto winters and believes there is still a lot of long-term opportunity for the market.
• Marcus is now in charge of a new bitcoin company called Light Spark and believes Bitcoin is necessary to create an open, interoperable protocol for money on the internet.
David Marcus Discusses the Future of BTC
David Marcus – the former PayPal executive who worked on Facebook’s failed Libra project – believes that after everything that’s happened over the past two years, that bitcoin will still be the face of both money and payments in the future.
Experiencing Crypto Winters
In a recent interview, David Marcus revealed he’s been part of the crypto industry for some time. He has “lived through” at least three separate crypto winters, though he’s confident he’s seen more than that. Regarding the crypto winter of 2022, he feels that it was different because this one affected many more people compared with previous cycles due to more capital being deployed into this cycle.
The Promise In BTC
Marcus mentioned there’s still a lot of long-term opportunity for blockchain technology as it needs to build something valuable which solves real-world problems to create lasting value. He also believes teams should focus on building valuable things rather than just listing tokens and making quick bucks.
Light Spark: A New Bitcoin Company
Marcus is now in charge of a new bitcoin company called Light Spark and he’s focusing predominantly on BTC due to its potential as an open, interoperable protocol for money on the internet.
Nobody Controls It
The future looks bright for Bitcoin according to Marcus who sees immense potential in this revolutionary currency that no one can control or manipulate.