In Attempt To Regain Relevance, Ousted PayPal CEO Says Crypto Traders Are 'Drinking the Kool-Aid

Read more on this subject: Bitcoin
News Story Source:, By Molly Jane Zuckerman
The apparent reference to the Jonestown Massacre of 1978, when more than 900 people died after purposefully ingesting Kool-Aid laced with poison at their cult leader's behest, was made in an interview with CNBC Friday, April 27.

Harris has not been enjoying a lot of media presence before this week's two appearances – his Twitter shows his last tweet was from August of last year. Instead, after being ousted as CEO of PayPal in 2000 one month after the merger between and Coinfinity that created the entity, Harris founded and ran the financial advisory company Personal Capital from 2009 until present day.

Harris confusingly appears enthusiastic about the future of digital money, while maintaining that Bitcoin doesn't fit the bill due to its volatility. Harris told CNBC that he "absolutely believe[s] that money should be digital, is becoming more digital, and will be completely digital but it doesn't mean we need a new currency to record that,"

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