Bitcoin to go mainstream & return to its roots as cryptocurrency
Talking to RT on the sidelines of the Davos Economic Forum, he said bitcoin is “no more a passing fad than the Internet was a passing fad.”
Over time cryptocurrencies will be “used like credit and debit cards, like payments from PayNow or Alipay. It is very different from what people used to imagine, things always keep changing,” Papermaster said.
Bitcoin certainly has the opportunity to be treated like a currency, the entrepreneur said, adding it will “become mainstream in 3-4 years.”
The digital currency will be part of how you do any type of purchasing, an everyday thing for an investment vehicle in the next couple of years.
“I think it will be part of the mix of how you invest, how you buy or pay for things. Just over time it will change,” Papermaster said.