Venture Capitalist Proposes a Single Decentralized Crypto as a Solution to Bo...
South African venture capitalist, Michael Jordaan, recently suggested that a single decentralized cryptocurrency may be the solution that brings great benefits to inter-regional trade and investment in Africa. According to Jordaan, who is also the former CEO of one of South Africa’s leading banks, FNB, such a single African currency “would go a long way to make borders matter less.” A Decentralized Currency for Africa However, in his tweet on April 27, Jordaan offers his take on why he sees crypto (and not fiat) as the solution that unlocks the “most....
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American entrepreneur and venture capitalist Tim Draper has invested in Indian cryptocurrency exchange Unocoin despite regulatory uncertainty and reports of a possible crypto ban in India. Unocoin has seen the number of new users grow 10-fold since the supreme court quashed the banking restriction by the central bank. Investments Flow Into Crypto Sector in India The cryptocurrency sector in India continues to attract global investors as the government continues to deliberate on how cryptocurrencies will be treated in the country. The latest round of investments went into Unocoin, one of....
Bitcoin (BTC) and Ether (ETH) could be on the verge of significant price adjustments, according to insights shared by prominent crypto venture capitalist Chris Burniske. Burniske, the founder of Placeholder Capital, on the social media platform X offered a unique perspective on the current state of the cryptocurrency market, suggesting that a phase of selling […]
Venture capitalist Tim Draper has doubled down on his bitcoin price prediction of $250,000 by the end of this year or early next year. However, he explained why he expects the price of the cryptocurrency to soar past his estimate.
Tim Draper’s Bitcoin Price Prediction
Venture capitalist Tim Draper has doubled down on his $250K bitcoin price prediction. In a recent interview with Scott Melker, aka the Wolf of All Streets, Draper was asked if he still believes the price of bitcoin would reach $250K this year. He replied:
Yeah, by the end of this year or early next....
Bitcoin was on a wild roller-coaster ride for much of 2013. The digital currency has been trading in the triple digit territory for weeks, but there is no shortage of optimists who believe it will soon go north of $1,000 - and then some. Chris Dixon, a Silicon Valley venture capitalist and Andreessen Horowitz partner, believes a single bitcoin might even be worth $100,000. However, for that to happen bitcoin adoption would have to go through the roof. Dixon believes the $100,000 mark could be reached if bitcoin becomes the primary means of making online transactions. "It would have been....
Venture capitalist Bill Gurley has taken a personal position in ether because he “was swayed by the arguments of the ethereum crowd.” He explained that it is “the smarter way to play if you’re going to have crypto exposure.”
Bill Gurley Prefers Ethereum to Bitcoin
Bill Gurley, a general partner at Benchmark, a Silicon Valley venture capital firm in San Francisco, California, shared his view on cryptocurrency in an interview with Bloomberg last week.
He began by admitting that he is late getting into crypto because he was focusing on....