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Bitcoin is 'useless as a payment mechanism and ridiculous as a store of value,' ex-PayPal CEO says

Chloe Aiello

Bitcoin will continue to fall, because "there's just no value there," former PayPal CEO Bill Harris told CNBC on Tuesday. The former financial technology CEO's primary concerns about bitcoin include its slow transaction time, scaling challenges and volatility. Bitcoin will continue to fall, because "there's just no value there," former PayPal PYPL CEO Bill Harris told CNBC on Tuesday.