According to PayPal chief financial officer John Ramsey in an interview given to Wall Street Journal published on the 19th of February it will, So yes you can invest now for the future where bitcoin will become a daily currency, logic dictates that the price will go up because there will only be a maximum of 21 million bitcoins in existence And the world is probably by 7.6 billion humans and if each and everyone is to get Bitcoin, It is easy to spot blood there’s not enough whole bitcoins for that.
“The technology, there is a real merit to it. I do think, though, it will be years down the road before we see the kind of ubiquity and acceptance that make it a form of currency that is used every day” says John Rainey, CFO PayPal In the interview.
Further acknowledgement of a cryptocurrencies future can be found in the interview where he states that PayPal was one of the first companies to accept Bitcoin in 2015 at their Braintree platform
The long interview with John Ramsey brought in the Wall Street Journal has a section named “the crypto factor” where he is asked if PayPal will ever accept Bitcoin and if Bitcoin and cryptocurrency will become a popular payment method.
Even though he sees a future in Bitcoin and cryptocurrencies as a medium of payment he does voice he’s concerned with the volatility of the cryptocurrency market. but recent confidence brought into the market from corporations and governments have played a major role in the current valuation of cryptocurrencies. And the increasing attention from governments will Bitcoin continue to influence it positively.
With some governmental bodies accepting bitcoins for tax payments and other stating that there’s no need for ban or regulations. Combined with such statements as the ones we see from John Ramsey will bring a road towards a higher adoption. But should the tone change from big corporations or governments it might have a negative impact on bitcoin prices.
As we currently see the soft tone from governments and acceptance from big corporations we will see a higher rate of adoption, so this is a time for bitcoin and cryptocurrencies communities to facilitate a higher rate of adoption thereby making it harder for government to outright ban it. And forcing governments to take a stance on how to regulate Bitcoin, because a higher level of credibility on rules and regulations will likely stabilize the market.