Former PayPal President Confirms Bitcoin Could Process Trillions Daily

Coinfomania
BTC0,8%
STX1,24%

Former PayPal president and Lightspark CEO David Marcus stated that eventually Bitcoin has a potential to handle trillions of dollars a day. This was in a recent interview where he emphasized the use of Bitcoin as open money network on the internet. Marcus is of the opinion that BTC will become a global settlement layer with real-time transactions of low cost.

Bitcoin to Dominate the World’s Finance

According to Marcus, the infrastructure of Bitcoin is prepared to scale with the help of the Lightning Network. He said that Lightning will allow near-free and instant transfers, whereas previous systems (SWIFT or Visa) are not instant. These networks handle about 5 trillion and 33 billion dollars every day respectively. Marcus believes that with increased adoption, Bitcoin will outdo them. He stressed that the shift will be gradual and gradual due to the increased popularity of wallets and embedded payment systems across the globe.

Lightspark, the company of Marcus, constructs Lighting Network infrastructure to facilitate the scaling of Bitcoin. By 2023 it has more than 20,000 active nodes and a 3,000% increase in capacity and this is still 20,000 times more than in 2023. It can carry out millions of transactions every second which makes the prediction made by Marcus technically possible. The company offers APIs and SDKs to developers, which enable companies to integrate Lightning payments.

Bitcoin Institutional Adoption

Bitcoin is still growing by institutional investment. This is after an inflows record and regulatory transparency in the key markets last year. The market capitalisation of BTC is almost 1.3 trillion, and the on-chain transactions are approximately 15 to 20 billion a day. Marcus claimed that the increasing confidence in institutions would act in favor of Bitcoin as a transition to financial infrastructure as opposed to a speculative asset.

Marcus said stablecoins on Bitcoin were one of the main factors of mass adoption. Stacks and RGB have become projects that enable the issuance of stablecoins over the Bitcoin network. The combination of assets that are stable and Lightning has the potential to drive day-to-day business and international payments. It can theoretically support millions in a second with Lightning. The hash rate of Bitcoin is at all-time peaks in 2025, which adds to its security and reliability. Marcus had anticipated that after infrastructure maturity, BTC can compete with the global payment networks in terms of size and performance.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

In the past 24 hours, the total liquidation amount across the entire network reached $314 million, with nearly 60% of the liquidations coming from long positions.

Gate News reports that on March 9, according to CoinAnk data, the total liquidation across the entire network in the past 24 hours was $314 million, with long positions liquidated at $188 million and short positions at $127 million. By individual cryptocurrency, Bitcoin liquidation was approximately $112 million, and Ethereum liquidation was about $50.51 million. Notably, the on-chain synthetic oil asset XYZ:CL ranked third in liquidation amount, approximately $55.36 million.

GateNews2m ago

Crypto Expert Predicts the Bitcoin Price and Warns of a Possible Drop Toward $44K

The Bitcoin price has been moving through a volatile stretch lately. BTC climbed above the $73,000 mark last week before pulling back again, and it’s now trading around the $67,000 range. Moves like this have kept traders debating whether the market is stabilizing or simply pausing before the n

CaptainAltcoin7m ago

BTC Breaks Through 68,000 USDT

Gate News bot message, Gate market display, BTC breaks through 68,000 USDT, current price 68,018.9 USDT.

CryptoRadar16m ago

Today's Cryptocurrency News (March 9) | Strategy aims to raise $300 million; Bitcoin rebounds and breaks through $67,000

This article summarizes cryptocurrency news as of March 9, 2026, focusing on the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include: 1. The Flow Foundation seeks a court injunction to prevent Korean exchanges from delisting FLOW tokens; 2. The probability of a US recession has surged to 40%, with rising oil prices and escalating geopolitical tensions increasing risks; 3. North Korea has stolen $2.8 billion in crypto assets over the past two years, and the US Treasury Department plans to strengthen regulation of stablecoins.

GateNews28m ago

Starcloud Targets Bitcoin Mining in Orbit With New Satellite

Starcloud plans to mine Bitcoin from space using a second spacecraft, aiming to utilize solar energy and the cold environment of low Earth orbit. This initiative could revolutionize energy-intensive computing and address cooling and energy costs for mining operations.

TodayqNews38m ago

New Crypto Buyers Enter the Market: Kazakhstan Plans to Invest Up to $350 Million

The Central Bank of Kazakhstan plans to invest up to $350 million in crypto assets, with investments starting from April to May, accounting for only 0.5% of reserves. At the same time, crypto assets seized by law enforcement will also be included in the national crypto fund, demonstrating the country's further recognition and cautious attitude towards cryptocurrencies.

PANews1h ago
Comment
0/400
No comments