PayPal’s Max Levchin: Blockchain Is ‘Brilliant’ But I’m Undecided on Bitcoin

Max Levchin, co-founder of PayPal, has revealed that he is a big fan of blockchain technology, but is still making up his mind on bitcoin.

Speaking to CNBC during a Breakthrough Prize award ceremony in Silicon Valley on Sunday, Levchin said that blockchain will find use cases across different industries, is a “brilliant mathematical idea” and “interesting commodity to speculate on.”

However, on the cryptocurrency, he said:

“It’s not clear to me whether bitcoin itself is the great long-term investment.”

It’s yet to be seen whether bitcoin is a currency “or just a way to make money fast,” he added…

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