Investor Michael Terpin On Bitcon Consumer Adoption: "The Consumer Market Is Responding"
Image: Twitter. Well-known Bitcoin investor Michael Terpin believes Bitcoin is now at the point in its evolution where Bitcoin firms can reach out directly to the consumer, citing Purse.io as an example of success in this pursuit. "I think now we are the moment in Bitcoin where enough of the infrastructure has been built up we can serve the consumer," Terpin said. "In January 2014, I said at a conference that you could not have the Google of Bitcoin until you have the Yahoo, and you can't have the Netscape until you have the Cisco. Cisco is the mining equipment and brick-and-mortar of the....
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Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and record-setting revolving credit card debt despite trillions of dollars in stimulus money.
Michael Burry’s Recession Warning
Famous investor and founder of investment firm Scion Asset Management, Michael Burry, warned on Friday about a looming consumer recession and more earnings trouble ahead.
He is best known for being the first investor to foresee and profit from the....
Last month marked a milestone of sorts for Michael Terpin. BitAngels, the first "serious" angel network in bitcoin, celebrated its second birthday. Things are markedly different since the group's first impromptu meeting at the Bitcoin Foundation's Bitcoin 2013 conference. After sending out a Reddit invite with the goal of six or seven people showing up, Terpin and co-founders David Johnston and Sam Yilmaz had 35 attend (60 joined within a week). "The spirit of discovery and camaraderie from those early days was magical and unforgettable," said Terpin. "When we did our first set of fundings....
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says that the Federal Reserve “has no intention of fighting inflation.” He added that the Fed’s “Serial half-point hikes are for getting elevation before stocks and the consumer tap out.”
Michael Burry on Inflation and Fed’s Rate Hikes
Famous investor and founder of investment firm Scion Asset Management, Michael Burry, shared his thoughts Thursday on the U.S. economy, inflation, and interest rate hikes.
He is best known for being the first....
The chairman of Australia’s Securities and Investments Commission (ASIC) says crypto is “being driven by extraordinary consumer and investor demand,” noting that “The implications for consumers are potentially huge.” The securities regulator is currently working with lawmakers to develop rules for cryptocurrencies. Regulator Sees ‘Extraordinary Consumer and Investor Demand’ for Crypto Australian Securities and Investments Commission (ASIC) Chair Joe Longo talked about cryptocurrency at the Australian Financial Review’s Super & Wealth....
The U.S. Consumer Financial Protection Bureau is probing the social payments app, according to Reuters.