Martin Hutchinson Predicts 2015 'Demise' of Bitcoin
Retired investment banker and former US Treasury adviser to Croatia Martin Hutchinson recently penned a hit piece in which he made clear two things. One, he does not understand how Bitcoin mining works and two, this lack of understanding leads him to believe that Bitcoin will fall flat on its face in 2015. In his article for the Reuters Breakingviews site, he uses outdated metrics as well as a clearly weak understanding of how cryptocurrency works to make this prophecy. Also read: The End of Bitcoin is Always Nigh For Traditionalists. [Bitcoin] is controlled not by a state but by an....
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Inside Bitcoins New York will be held in NYC on April 27-29, 2015. The largest event of its kind, Inside Bitcoins promotes and explores blockchain technology and is attended by the most influential names in the digital currency industry. The speakers of the upcoming event will provide insights on bitcoin technology and offer their own unique perspectives on the most pressing bitcoin topics. One of the speakers at Inside Bitcoins New York will be Sarah Martin, CEO of Boone Martin, a global communications firm that focuses on social impact investing and emerging markets. Martin will speak on....
After fighting in court since 2015, the former hedge fund manager Martin Shkreli was sentenced to seven years in prison for conspiring to commit securities fraud and he was forced to pay $7.4 million in fines. One of Shkreli’s prized possessions, an unreleased Wu-Tang Clan album, was seized by the U.S. Marshals and sold for $4 million. Just recently, the public was told that the unreleased record called “Once Upon a Time in Shaolin” was sold to the non-fungible token (NFT) collectors syndicate called “Pleasrdao.” The New Owners of ‘Once Upon a....
Bitcoin prices could reach $6 million per coin in forty years’ time, but the whales may eventually pull the plug. A former lead developer for the Bitcoin network has postulated a possible future for the world’s most popular cryptocurrency which includes an epic price prediction.Software developer Gavin Andresen published a recent blog post called “A Possible BTC Future” in which he predicts the demise of the Bitcoin network.Before BTC meets its end, it will reach a price of $6 million per coin in 2061, Andresen predicts. Before you get too excited, he added that $1 million dollars today....
Following his release from prison, the former hedge fund manager and convicted felon, Martin Shkreli, discussed cryptocurrencies and using the decentralized exchange (dex) platform Uniswap from a federal penitentiary. The so-called ‘Pharma Bro’ further explained that eventually, a crypto entity could dethrone some of the largest banking giants.
Martin Shkreli Talks Defi and Cryptocurrencies
Martin Shkreli has been released from prison early and is now located at a halfway house located in New York. Shkreli’s federal custody will end in September, and as soon....
Litecoin was once touted as the ultimate Bitcoin replacement, thanks to its faster transaction times and different type of mining technology required. However, the Bitcoin demise was not achieved, and while Litecoin still has some value to this very day, it will not succeed in taking the crown from the leading currency. Even though digital currency has only been around for a handful of years so far, talks about the Bitcoin demise have been gravely exaggerated by the mainstream media and supporters of altcoins. Granted, there are other projects in existence that are not Bitcoin right now,....