Bitcoin Forum

PayPal CEO Dan Schulman, in describing why the payment company decided to withdraw from Libra, also revealed that he is a hodlr of cryptocurrency, but only Bitcoin.

Interviewed by Fortune magazine, he answered the question if he personally owned any cryptocurrency:

“Yes. Bitcoin.”

Source link here (https://beincrypto.com/paypal-ceo-is-a-hodlr-but-only-owns-bitcoin/?utm_campaign=amba&utm_medium=social&utm_source=bitcointalk&utm_content=jc)

Okay now this seems to be pretty interesting to me. Since he's a Bitcoin HODLer, I don't know if this is a sign that he could add BTC as one of features for Paypal. If that happens, I don't know what would that be. Probably might integrate Bitcoin as one of the payment options aside from Visa, Mastercard and AMEX?

I have a Paypal account until now, but I only use it like few times a year since entering into the world of cryptocurrencies. Paypal was the payment processor I trusted during my early years as a virtual assistant. However, their fees are eating our funds apart. This is why Bitcoin is such a great alternative, and no doubt Dan Schulman's already convinced about owning some Bitcoin in the first place.

It's quite interesting if it will happen but the possibility is very low that PayPal will add bitcoin as payment option. Knowing that the PayPal CEO owns a crypto currency even if it is a bitcoin only is a big plus to crypto society as PayPal plays a big role also in an online payment system.

I am not sure also about the term HODLr and how much he owns, so we can determine also if he plays a big role in every price movement especially if he is one of the big whales out there.

Not a big gan paypalmbut this is good media attention. There are so many average Joe's out there refusing to use btc but using  PayPal. These news hopefully will trigger a reality check on them. If they don't realize that they  are missing the opportunity of the century, they won't be buying.

Not only paypal CEO holding bitcoin.Many rich and technology lover holding bitcoin but they don't reveal that or they don't talk about bitcoin.   
There are many problem in paypal. Even paypal is restricted many countries.Fee is high,suddenly they locked the fund.but bitcoin is easy to use.all over the world bitcoin can be used.no restriction.no one control the btc.only holder can control. That's why I don’t use paypal now :D           

He is holding it for profit, not for anything else he stated . I doubt if he will integrate it into their system, he did not have high regard for other Cryptocurrency, but there's a possibility that this guy might create a cryptocurrency for his company because nobody wants to be left behind.
When big companies are doing it, you cannot ignore it and become disinterested.

Don't count on that, my friend. I  think it is quite clear that PayPal CEO Dan Schulman holding in Bitcoin is done personally and not in any way connected with his position in PayPal. Had it been PayPal itself also holding Bitcoin then it can be a different story. Remember that with many big companies, CEOs come and go and certainly Dan is thinking about his future and not of PayPal. Still, am hoping that one day PayPal will decide that their users can buy Bitcoin and cryptocurrency directly using their payment platform - and that can be a good start.

Bitcoin is free for all and the influence of a CEO of a big company has invested in it, will benefit btc in advertising. This shows how bitcoin became popular despite pessimism in this bear market it has been recognize as an viable investment. New technologies replaces the old maybe we could see paypal accept bitcoin as another payment processor.

People should not assume that if a CEO of a company invests in a specific commodity or currency, that he/she will automatically push for that technology to be implemented in the company. The CEO is doing this in his personal capacity and with his own money.

He might have done this to get first hand experience of his competition for "research" purposes.  ::)

The shareholders and board members make most of the decisions in a company and the CEO is just the rubber stamp of approval. It does carry some leverage if your CEO is Bitcoin friendly.  ;)

bitcoin seems to be very popular with big people, even the CEO of PayPal. in fact, I think that people like them, even those who oppose bitcoin have some bitcoin in their wallets. I'm sure, people with very broad minds like them think of various developments that can start on bitcoin. so, I think they will have it because they feel that bitcoin will be a coin that has a high price and amazing functions in the future.
it's a very interesting article and statement that I read this month.

it's more like the good news of holding bitcoin, so there are still many founders and CEOs who believe in bitcoin even though the price is currently falling and not passionate, I think it might be better if the paypal site has a button to buy bitcoin using paypal

I no longer use paypal since bitcoin existed because I used to make money on the internet very difficult with USD payments on paypal, let alone having to connect with a credit card, that's what I didn't like from then therefore I switched to bitcoin, but good if paypal's CEO holds bitcoin

PayPal is still the best payment system worldwide. We cant rely on BTC for payments, as there are not many who are accepting BTC as payment.
There is no comparison of BTC n PayPal, in BTC there is no delay in payment and no middleman asking for his share. BTC in many was is threat to PayPal.

This is in contrast of former PayPal CEO Bill Harris statement, Bitcoin is ‘useless as a payment mechanism and ridiculous as a store of value,’ ex-PayPal CEO says (https://www.cnbc.com/2018/08/14/ex-paypal-ceo-theres-just-no-value-in-bitcoin.html).

So it's good that Paypal's CEO of today really "believed" in BTC, so we don't know maybe we can see Paypal readily accepts it as payment options in the future. Maybe this was a sign, of pitching bitcoin specially that the CEO itself knows that bitcoin is the future.

Firstly, let's get this clear. A CEO does not have all-encompassing power over a company, even though they might have a lot of power over the company, they still have a board of directors and a lot of other people they have to report to, and oftentimes, a chairman has more power.

Just because the PayPal CEO is a fan of Bitcoin, doesn't mean that PayPal is, it's fairly clear to us that his company isn't interested in dealing with crypto customers or even making their own service, and that's their choice, even if it is a saddening one.

It’s not as if this is a secret between their inner circles. It’s obvious enough that some rich people will be holding bitcoin, just not being open about it due to reasons concerning their security and of course, toppling the markets in one fell sweep because of their influence alone. The mere fact that a CEO of a huge enterprise such as PayPal is into bitcoin and has his own stash of it tells you something about the movement of some of the wealthiest dudes in the scene right now.

It would not be to me as a surprise to know that most famous and prominent people across the globe might possess some amount of bitcoins in their holdings. However, i doubt he would ever add bitcoin as another mode of payment on his services looking at the two different technology that backs both product. Also, the speed of bitcoin is also not encouraging to implement it unto the paypal system

He must have Bitcoin if he believes that Bitcoin has a bright future. There are not few respected businessmen who also own Bitcoin, some vocal some not. But I guess many business people who are updated of the latest technologies and fintech innovations must have heard, familiarized, and eventually bought Bitcoin. Some may not speak of it openly but within themselves and perhaps among close friends and families they are also Bitcoin supporters.

I believed this questions has been answered times without number. Twitter CEO is also an holder as it was reported but yet there was ban of some crypto related advertisement on Twitter platform. The point I am trying to make is that for the fact that CEO is interested or holding does not necessarily means it will be accepted because he is only holding in his personal capacity. The highest he could do is to sell the idea to the board considering the various factors that would be considered before becoming a reality. PayPal as a company is bigger than the CEO that he can just adopt a technology or a form of payment without recourse to every foundation that holds the business together.

Being a holder just means he is speculating too and believes also that Bitcoin could be the future mode of payment, or he's one of the whales and gets personal profit from bitcoin's bubbles.

However, it's still unlikely that Paypal would adopt bitcoin, still though there's still a chance that they would. I'm also pretty sure that this company has a board of directors that must accept that proposition before full implementation.

I am starting to imagine how would the CeO of Dan S. would become if the price of Bitcoin skyrockets again. The fact that he answered yes, and has bitcoins means there will be a chance of growth and partnership with Paypal. I am done already using Paypal since it sucks to us that works online with an average wage, that is why I also used bitcoin as an alternative.

PayPal CEO understands that Bitcoin is the most resistant to the environment of the crypto market and possible future rapid recession. Why should he HODL something other than Bitcoin?

This sounds potentially great, but let's not get too excited about this one. You see, it reminds me of the stuff the Libra CEO said and then people started speculating that he's bullish about Bitcoin. That guy said that he sees Bitcoin's potential as something like gold, but that Bitcoin cannot be a medium of exchange, it should not be considered as money. This hodler might be similar. He might hodl Bitcoin, believing that it's a good investment opportunity, a great asset or whatever, but he might not even consider implementing Bitcoin into PayPal or anything like that.

behind all that maybe Paypal's CEO, he also thinks that the Libra project won't be a good stable coin in the future and their current project isn't really clear when it will be launched so Paypal's CEO withdraws from Libra, I think Paypal's CEO only holds bitcoin, maybe he is very confident with bitcoin as a protection of his assets and he doesn't want to risk losing money by holding another altcoin whose price is less stable.

Holding Bitcoin is a smart move because Bitcoin is less likely to lose money in the long run.  Paypal's boss is a smart investor.  Investing in bitcoin is an investment in the future.  I have seen a lot of traders see altcoins and rush into them.  The result is failure and losing all of your Bitcoin.  It is best to just buy more Bitcoin and keep them long enough.  I think Bitcoin will reach a new high soon in the next 1-2 years.

If we can all stop being so surprised by CEOs having Bitcoin, yeah, that'd be great. You think all these old-school financial bankers etc don't have advisors telling them to at least have a tiny hedge? And right now, if you had wealth of $100M, even a tiny 0.1% hedge would be 10 BTC. I bet you lots of super wealthy outwardly anti-Bitcoin have some.

Whether it's a holding in BitGo, or Coinbase, or their own ledger, is another matter.

Bitcoin is the safest to hold among cryptocurrency as some altcoins price depend on bitcoin. Many businesses or popular business man are now holding bitcoin as they see the potential or they already experience it when bitcoin pumps before.

If bitcoin will be added as a source of payment in PayPal, then it will be great. I meant that will be so interesting and probably bitcoin will gain a high value because of that as we all know that millions of people around the world using PayPal, so people will probably join our big bitcoin community and that's gonna help bitcoin a lot to be spread around the world.

Paypal CEO made a good decision in holding Bitcoin but I'm not sure if he'll really use and integrate it as one of the currencies or like Visa and Mastercard do. If he had been using Bitcoin ever since he should've made it as one of the options on Paypal so let's just hope that he does in the near future.

Well, if he's actually holding bitcoin and not actively trading it, which is probably the case since I assume he's wealthy and wouldn't need to trade bitcoin, I doubt his transactions are affecting the price much.  Rich people tend to try to protect their wealth instead of increasing it, but who knows.  And we don't know if he's one of those whales anyway.

As far ask PayPal adding a bitcoin payment option, I doubt that's going to happen but it sure would be nice if there was some sort of option to pay for things on sites like eBay with bitcoin, which PayPal could provide.  Other than that, if funds need to be sent between two individuals, PayPal isn't needed--bitcoin serves that function just fine, and if you're talking about sending money to a different continent it's usually cheaper than PayPal (depending on network fees).

I do find this encouraging that a corporate bigwig is holding bitcoin.  Obviously he sees some value in it, and a statement like the one he made is bullish overall.  Props to him.

And OP, it didn't go unnoticed that you've stopped including huge images in threads like these.  Much appreciated, thank you!

Why are these investment from company owners newsworthy, is this the new way of marketing bitcoin  :-\. The real reason is that everyone wants to share the limelight that they are early investors of bitcoin and other than that i do not see that as news worthy as many invested in the market but he has done nothing to promote bitcoin to have a wider adoption, i care less what anyone holds but if the CEO is that position why don't they start accepting bitcoin in their wallets and it will be a new project that will help their business too.

These people are realizing how good the cryptocurrencies are for alternative digital investment. Maybe someday they implement such system on paypal, and try to be an investment platform sooner or later. Can't blame his decision after all.

The fact that he's a btc hodler doesn't mean he could easily add btc feature to paypal. Guys, it's a centralized service, so he should solve some legal staff to make this possible.

Now it may be more profitable to create your own cryptocurrency business than to expect when Facebook will be able to launch its project. In addition, when China opens its activity on active work on cryptocurrencies, it is therefore beneficial for paypal to maintain its client base by offering new services.

when Peter Thiel's era also had the same attitude, basically paypal really appreciate bitcoin. The mind of most people who only become loyal holders is due to seeing the Btc deflation system which will be very thick in the coming eras.

Or they want to set up a large backup to patent a new blockchain application as has been started by other large companies.

Glad to see Paypal CEO being bullish on bitcoin and sad to see Paypal still has not implemented any way to fund the wallet with bitcoins. Moreover their anti crypto instance on crypto trading is putting down many users. Skrill at least has integrated bitcoin deposit for selected market but the startup founded by crypto enthusiast Elon Musk and headed by a bitcoin holder is still suspending accounts of users buying and selling crypto.

Even he is a holder he will for sure not add bitcoin as a way to fund our PayPal accounts as it differs in purpose of being decentralised of crypto and PayPal being connected in banks and centralised platform. However PayPal can be used in many online transactions as many website credited the use of PayPal now a days without debate unlike in BTC now,but will have it's adoption too maybe soon.

No matter how much he is hodling still a great advantage for all of us that one of the CEO is seeking and bought CEO, it means that he have seen the potential growth and return of his investment in Bitcoin, it will be a good way as for sure he will recommend this to his friends, which are also businessmen and the mass adoption will continue to grow more and more.

Well, that's exactly describe how bitcoin become what it is now. Some are in denial about using bitcoin maybe for their protection a d we all know that bitcoin is really a very secretive asset. If we ordinary people had acquire it, how much more for like them that has the capacity to do so. That's why today it seems the price are so stagnant and seem going down maybe these people are hodling that much of it. The circulation of bitcoin now is not really that much. I mean its so unpredictable but I still believe the volume of supplies is increasing while the demand is decreasing that makes downfall on going.

It is good to hear that even the ceo of paypal is seeing opportunity in bitcoin and it is the reason why he have bitcoins and he keep holding it. There are also big personalities who bought bitcoin like bill gates, he admitted that he bought bitcoins and he claims that it is better than fiat currencies.

This is good news as many people are looking forward to chance that PayPal accepting Bitcoin to their platforms. So if this happens there is a great potential that bitcoin will become even more recognizable and many people will have awareness about bitcoin.
But we don't know what paypal CEO thinks, but I see that is the very first step of paypal to accept bitcoin in the future.  Maybe now let's just pray.

Maybe he will not go that far.
He is for hodling maybe just in case it pumps.
Or is he evading tax?  ;D
We don't know for sure. But this might not be a big reason for him to add Bitcoin in his services.
There will some ruling with it and it could mean more paperworks.
If I am the owner of a big company like that, I may not want to ruin it with an addition of something which some people do not understand yet.

If Paypal CEO is holding Bitcoin then this is indeed a good news. Paypal is an old and welknown method for overseas transactions and bullish sentiments from its CEO is surely a good news to share. As Bitcoin is a strong competitor to Paypal, its CEO may explore options either to connect Bitcoin to it or something else to compete it. Lets see whats new it brings to the crypto market. Lets hope for the best.

Although there's no clear statements that came from Bill Gates himself that he used to hold bitcoins, but the belief of many people strongly conclude that he's a part of the journey that we follow ever since. On paypal's ceo, I believed that he choose bitcoin investment because that involves a huge profit in the future. They foreseen more progress with this type of asset, and these rich guys won't risk their money if they won't be able to gather strong resources prior making a final decision for holding huge amount of bitcoins.

I have read this before I think this is really good thing that big icons are now understanding the value of Bitcoin and I'm pretty sure there would be many other people who own bitcoin but we don't know them. Bitcoin is close to mass adoption.

Billionaires are now talking about bitcoin, and yeah many billionaires already owns bitcoin. This is indeed not new and still a good news for all of us. The price is dumping but its not dying, buy more and follow the behavior of a successful man I heard so much news like this before, and our very own Manny Pacquiao also express his support on cryptocurrency, and he’s a billionaire too. 

at this day and age you have to be seriously blind not to see the big potential that something like bitcoin has. it is innovative, one of a kind and it is offering something new and well needed which is a decentralized payment system that we had the need for many years.
with that said everyone should buy at least a small amount of bitcoin while we are still in adoption stage. even if it is $20 worth of it, it is still a good idea to get in at the ground floor.

it can give a big boost to bitcoin if PayPal integrate into their platform
paypal have high fee for merchant transaction but you can also send funds to family without fee

 

That wasn't the topic at the very least. It is a matter of bitcoin and its holder, no influence for pumping and whatnot. But looking at the main post it seems like we are just making it big because it is held by the CEO of paypal Dan Schulman even there is no amount stated. Everyone can have it, everyone can hold it thats the nature of investment. Adding the bitcoin option for payment would be a great advantage these days like what Microsoft did, especially they are a payment processor it would be nice to have that kind of option.

Today's paypal ceo looks good on bitcoin and may be new to bitcoin and is trying to see if it will make a big profit here. But whatever the reason, it just means that someday bitcoin can be accepted by paypal.

And it's starting now, which is why I see bitcoin's future well.

I heard that paypal fees have been high since 2018, did the end of 2019 paypal fees still not reduce fees? Paypal should be able to try to emulate the cryptocurrency system to reduce fees to make it easier for members to make the transaction system

paypal eat fees ? i though there are no fees from paypal to paypal if not mistaken because its been also a long time ever since i dont use my paypal account because i discovered crypto and become attracted to it  .

i like your vision that what if one day , paypal founder decided to integrate btc to thier platform  . i think that would be a genius idea since paypal is still one of the leading online payment until today  . i also love the part the paypal founder love's to invest on btc alone  .

Looking at the rate at which the crypto ecosystem is growing, the option to use cryptocurrencies for payment will be soon added to already existing payment platforms. These people managing and owning the traditional payment platforms are always interested in numbers. If they realize that the crypto space has a good number of people in its ecosystem, adding cryptocurrency as an option will definitely increase the numbers in terms of usage of their platforms and also gain new customers... I will not be surprised when paypal adds the option of using Bitcoin or other crypto coins as a payment option.

Indeed it's a good news that someone as important as PayPal CEO is hodling bitcoin but how does it helps us I mean those who are into bitcoin for passive profit on daily or monthly basis? This will be a motivation for one term HODLers but for us it's just another news as it will not benefit us or market in anyway.

Bitcoin is the best cryptocurrency, and right now the only cryptocurrency I am holding is also Bitcoin. I stopped holding cryptocurrencies, I don't see the need for them, I don't gain much from them and sometimes I gain nothing, and I don't even use them for transaction, so I have decided to just stick to bitcoin for now, though after 2017 I was looking into buying Litecoin, not sure about that yet.

But I don't think PayPal will agree to add Bitcoin to their app. That their CEO is investing in it doesn't mean that they are going to add it, they might feel it's not fit for their business. Their CEO is not the only one that makes a decision, it's something the executives discuss and I know for sure that some of them won't be in support of it. Anyway, it doesn't even matter, whether they add it or not, Bitcoin always grow.

Seems that we do have a lot of CEO, personalities who are holding Bitcoin just like the founder of Twitter too, wondering if the founder of Bitcoin also have some since he began to have his own crypto. Anyway, it's not that surprised for now that there were lots of big person who manage and risking their money in Bitcoin, meaning they have seen the potential of it to grow more in the future.