Former PayPal President and Lightspark CEO David Marcus made striking statements about the future of Bitcoin and the latest developments in the sector in the Squawk Box program he attended on CNBC.
Speaking after the Bitcoin 2025 Conference, Marcus argued that digital assets have now become an important part of the mainstream financial system.
One of Marcus’ most striking statements was, “Many major US banks are about to join the Bitcoin network.” Marcus, who stated that institutions such as NewBank, one of the leading digital banks in Latin America, and Revolut, based in Europe, have already integrated into the Bitcoin network with the Lightspark infrastructure, announced that major US-based banks will soon take similar steps. “We are currently active in 70 countries and users can convert any currency to another in real time 24 hours a day, seven days a week,” he said.
According to Marcus, Bitcoin is making the “digital gold” vision that has been talked about for years a reality. “This is no longer just an idea; it is happening, and people really care about Bitcoin,” he said.
Marcus, who predicted that developments such as GameStop’s inclusion of Bitcoin on its balance sheet would become widespread in the corporate world, said, “After companies such as MicroStrategy, which first adopted this strategy, dozens of new companies are now moving forward on this path.” Marcus said that this diversity enables Bitcoin to be adopted more at the institutional level and creates a structure that distributes risk.
On the program, Marcus was also asked about President Donald Trump and his family’s interest in cryptocurrencies. “The president’s family can buy stocks, hold bonds, why can’t they hold crypto assets?” Marcus asked, and he stated that regulations in this area should be made within the framework of ethical principles. “Digital assets are now a mainstream investment class and more people, even politicians’ families, are starting to acquire these assets,” he said.
*This is not investment advice.
