The experts had a few difficult days. Anthony Pompliano, co-founder and partner of Morgan Digital Creek, spoke to CNN about Warren Buffett’s poor vision on Bitcoin. The Sage of Omaha had stated that he had no BTC and saw no value in digital currencies. Pompliano argued that Buffett could be an expert in stock tracing, but he’s not that good at technology.
Someone else who turned out to be less tech savvy is an anonymous Chinese crypto whale who reportedly lost $ 30 million in BCH and $ 15 million in BTC during a sim trade. We’ve seen them before, so keeping that kind of money in such a vulnerable place … well, it’s as rash as seeing no value in digital currencies.
At least this whale can say it was stolen. Irish drug dealer Clifton Collins has just lost nearly $ 60 million in Bitcoin. The former beekeeper used his money to buy 6,000 Bitcoins in 2011, when the currency cost only $ 5 each. He stored his private key in the cap of a fishing rod. When he was imprisoned for possession of cannabis, his owner emptied his belongings, including the wand, which was allegedly cremated. If the crypto coins had not been lost, the Irish State would have confiscated them.
Collins will miss the benefits of the 2020 bull run. According to one estimate, the values go up for 1,000 days, while according to one measure, this is Bitcoin’s best year to date. In fact, the only thing that could stop the rise of BTC would be … oh, maybe an international pandemic. The spread of the coronavirus could be one of the reasons why Bitcoin has dropped more than $ 10,000 in the past few days. But at least Coinbase is ready. The company has announced a three-phase escalation plan if the virus approaches their offices. The first phase will be to clean up the offices and restrict visitors, which might be a good idea anyway. In the second phase, the offices will be closed to all visitors and will no longer serve food. Once “containment has failed”, Coinbase will proceed to phase 3. Staff will work from home and the offices will be locked. It would be good to see what their plans are for a zombie invasion.
In better news, Shopify joined Libra, a much-needed boost after Mastercard left. And Caitlin Long may be on the verge of giving America its first digital asset bank. This is something to watch out for. On the other hand, New Jersey wants to regulate cryptocurrencies, and a bunch of central bankers think they can execute digital fiat currencies without blockchain. Way to miss the point, guys.
And finally, Tyler Winklevoss said he paid 312.5 BTC in January 2014 for a flight on Virgin Galactic. It was worth $ 250,000 at the time. It is now worth more than $ 3 million. He called it his “Bitcoin pizza moment”. Dapper Labs, the company behind CryptoKitties, joins forces with Ultimate Fighting Championship to create “a new digital experience”. Fight against cryptokitties? Really?
And if you’re still unsure of the nature of this cryptocurrency, we finally have the ultimate guide. You can find it on The Simpsons. They are truly experts.
Check the audio version below:
