BitPay CEO: Speculation is a Major Aspect of Bitcoin’s Value, Mass Adoption Soon-9.82

Stephan Pair, CEO of BitPay, has stated that a very large aspect of the price of Bitcoin comes from the speculation of investors concerning the adoption of blockchain technology and the usage of the currency in the nearest future. In an interview with Squawk Box on CNBC, Pair said since speculative practices of investors on bitcoin’s future usage plays a significant role in determining its current value, it is a bit more difficult to determine the driving price of the currency.

The U.S. based BitPay is a global bitcoin payment processor that allows online merchants to process crypto payments from their customers. The Bitpay head honcho stated in the interview:

Original source
https://blockonomi.com/bitpay-ceo-speculation-of-bitcoins-value/

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