The PayPal Bitcoin News Isn’t Exactly Bullish
How did that old Taking Heads song go – “same as it ever was”? Seems that’s what you should keep in the back of your head when you see all of this hype and excitement over the recent PayPal/Bitcoin news
THE PAYPAL BITCOIN NEWS ISN’T ENTIRELY BULLISH: KRAKEN CEO EXPLAINS
The company, after all, has over 300 million active users. And in terms of reach, it’s nearly as global as the cryptocurrency market.
Kraken’s chief executive Jesse Powell acknowledged this, writing on June 22nd: PayPal supporting Bitcoin will be amazing for adoption.
Believing that the company will ‘change their policies on account closures’ though is naive, though, as Powell further explained:
‘They’re still a centralized choke point and the government will continue to commandeer the financial system for extrajudicial sanctions. Not your keys…’”