Bitcoin is Scam. Short-lived CEO and co-founder of PayPal - Bill Harris has written his own opinion on cryptocurrency, Bitcoin. According to him, he claims that bitcoin is a fraud. He said it was an incredible pump and dump scheme, never seen or experienced in the world.
It is just funny that they are saying bitcoin is scam when in fact they are still considering adopting it later on when it has stable value as what they claim. Take a look at this news.
http://bitcoinist.com/paypal-well-definitely-support-bitcoin-becomes-better-currency/Nevertheless, there is truth on what he said that bitcoin and cryptocurrencies in general are prone to pump and dump because it is unregulated but one cannot just easily say it is scam just because of its nature at the moment. They just want to get rid or make the people fear cryptocurrency because they know that one of the aim of bitcoin is to eliminate third party or middlemen in transactions and that is exactly the paypal's role.