Venture Capitalist: Banks Are Oblivious to Bitcoin’s Best Feature
Investor Fred Wilson, co-founder of Union Square Ventures, thinks banks are missing the most important opportunity bitcoin offers by building private blockchains. Speaking on a panel with Nathaniel Popper of The New York Times at the CB Insight “Future of Fintech,” he said the transformative value of virtual currency will be on a public blockchain, as reported by the Observer. Private blockchains copy the distributed approach of public blockchains but hide it inside the servers that their creators have given permission to maintain a copy. Private Blockchains? Think Compuserve. Wilson, a....
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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....
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....
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....
Billionaire Peter Thiel shared concerns that investing in Bitcoin is already a “known secret.” As Bitcoin (BTC) marked a new all-time high above $67,000, PayPal co-founder and billionaire venture capitalist Peter Thiel said he should have bought more Bitcoin.Thiel spoke of cryptocurrencies, central banks and artificial intelligence (AI) during an interview in Miami hosted by policy think tank Lincoln Network, Bloomberg reported Oct. 20.“You’re supposed to just buy Bitcoin,” Thiel said, adding: “I feel like I’ve been underinvested in it.”The tech investor noted that his only concern about....
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 […]