In a recent Forbes interview, Andy Yen, CEO and co-founder of Proton, expressed doubts about whether the company will continue to maintain Bitcoin as an asset.
Proton has held Bitcoin for over five years and began taking Bitcoin payments in 2017. Yen noted his worries of fraud, scams, and other short-term trends like the NFT bubble and 2017 ICO craze, which lead to rapid market fluctuations.
He advocated for more self-regulation among the crypto industry and was against any regulation by governments.
Despite his reservations about holding Bitcoin, Proton still accepts Bitcoin payments for its services and is in the process of adding Lightning Network payments.