PepsiCo CFO: “Bitcoin will become functional currency for them in awfully long time”

In his recent interview with CNBC’s Squawk Box anchors, the chief financial officer and Vice Chairman of the PepsiCo behemoth, Hugh Johnson, stated that he can hardly imagine his company buying Bitcoin with its cash reserves now. Here’s why.

Hugh Johnson has told Joe Kernen that even though experience has taught him to “never say never,” he still cannot imagine PepsiCo investing in the world’s flagship cryptocurrency, Bitcoin.

Johnson stated that, for him, Bitcoin is too volatile and too speculative. According to him, it will be “an awfully long time” before BTC can be used by PepsiCo as functional money.

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