PepsiCo CFO Hugh Johnston has said in an interview with CNBC that Bitcoin is "still too volatile and speculative."
He said that PepsiCo is unlikely to invest in Bitcoins in the future. However, he has added that "you should never say never." Johnston has said:
"I think it will be a long time before Bitcoin becomes a functional currency for us."
Johnston has also shared his concerns about digital assets due to regulatory bias.
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We should remember that PayPal, Starbucks, airBaltic, Pavilions Hotels & Resorts, AXA and others have already started accepting Bitcoins as a means of payment.
Earlier, the head of the US Securities and Exchange Commission Gary Gensler has said the regulator does not intend to ban cryptocurrencies, arguing it is for Congress to make the decision.
In addition, it has also recently come to light that Soros Fund Management CEO Dawn Fitzpatrick has confirmed the family office of billionaire George Soros has invested in Bitcoin.