PayPal CEO Dan Schulman revealed he bought cryptocurrency. The only cryptocurrency Schulman owned was bitcoin.

In the interview with Fortune Magazine, Dan Schulman, CEO of PayPal, said that he owns cryptocurrency. When asked what cryptocurrency he preferred to buy, Shulman detailed: “Only [bitcoin]. Yes.”

It is worth noting that other PayPal executives also expressed interest in cryptocurrencies. Thus, PayPal founder Peter Thiel suggested that bitcoin will become digital gold:

“I do think people are a little bit … underestimating bitcoin especially because ... it’s like a reserve form of money, it’s like gold, and it’s just a store of value. You don’t need to use it to make payments. If bitcoin ends up being the cyber equivalent of gold it has a great potential left,” Thiel said, speaking at the Future Investment Initiative in Riyadh, Saudi Arabia.

Wence Casares, PayPal board directors member, predicted that bitcoin would cost $1 million.

“One bitcoin may be worth more than $1 million in seven-to-10 years <...> If Bitcoin succeeds it will most likely not replace any national currency. It may be a supranational currency that exists on top of all national currencies. If Bitcoin succeeds it may be a global non-political standard of value and settlement,” he said adding that he does not exclude that the cryptocurrency may collapse.

PayPal CFO John Rainey noted that while bitcoin is unreliable due to its volatility, cryptocurrencies will be accepted everywhere in the future.

In the interview with Fortune, Schulman also noted that PayPal is interested in developing and creating working solutions based on blockchain technology in order to increase the efficiency of operational activities.

“We’re always exploring the next generation of technologies — like blockchain infrastructure to do things more efficiently,” said Shulman.

Nevertheless, PayPal as a payment service was repeatedly accused of blocking and freezing accounts related to cryptocurrencies, and the company itself did not dare to go against global regulators and decided to leave the Libra Association, that stands behind Facebook's cryptocurrency project Libra.