Bill Harris Remains Convinced Bitcoin Is a Scam, but Does Anyone Care?


It has been at least a full week since we last heard a highly controversial statement regarding Bitcoin and other cryptocurrencies. According to PayPal Founding CEO and Former Intuit CEO Bill Harris, Bitcoin is the greatest scam ever.  A statement like that from an individual who sees his business models threatened by cryptocurrency is not necessarily surprising. Even so, it has the cryptocurrency community up in arms yet again. Bill Harris Makes a Ridiculous Statement It is neither the first nor the last time someone will call Bitcoin a scam. In virtually all of these cases, the statement is a direct result of either a lack of understanding of the technology or simply a bias against cryptocurrencies. It is unclear which side of the spectrum Bill Harris falls on, but his comment about Bitcoin being “the greatest scam in history” is not something people will appreciate. Even people who do not own any Bitcoin are not too amused by such statements. To put this into perspective, Harris has been quite vocal about his dislike for Bitcoin. He has gone from warning people about it to claiming Bitcoin is a bubble and is now using the “scam” card. In his opinion, Bitcoin is nothing but a great pump-and-dump scheme which will eventually collapse when people least expect it. That is not a unique statement, as some financial experts have uttered similar baseless comments in the past. Harris does raise one valid point. He mentions that some cryptocurrencies are pure frauds. In recent years, we have seen numerous projects…
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