Bitcoin Is ‘Broken,’ Bears Eye $75,000, Says Placeholder Cofounder

Bitcoin Is ‘Broken,’ Bears Eye $75,000, Says Placeholder Cofounder

Chris Burniske, cofounder of Placeholder and former crypto lead at Ark Invest, said he is “increasingly convinced last Friday’s massacre broke crypto for a while,” arguing that the post-selloff market will struggle to “quickly develop a sustained bid” and that he will “likely get interested in the market again when I see Bitcoin $75K or […]


Related News

‘Chainlink Killer’ API3 Closes $3M Funding Round With Placeholder and Pantera

API3, a firm aiming to provide an alternative to oracle service Chainlink, has raised $3 million in a private funding round led by Placeholder.

Big Tech Execs and Bitcoin: Skype Cofounder Keeps Personal Wealth in Crypto, ...

This week two well known tech executives revealed they have been dabbling in bitcoin and other cryptocurrencies. In a recent interview, Skype cofounder Jaan Tallinn detailed that he held bitcoin and ethereum in his personal finances, while the Intercom cofounder Eoghan McCabe tweeted on Sunday that he’s “jumped firmly onto the bitcoin wagon.” In 2020 a number of popular tech executives and CEOs from giant firms have revealed they hold a fascination for cryptocurrencies like bitcoin and ethereum. On Friday, the cofounder of the telecommunications application Skype....

Bitmain Cofounder Jihan Wu Says ‘Crypto Industry May Surpass the Internet’

During the Second 421 Wet Season Festival and Mining Ecology Conference the Chairman of the Bitdeer Group and cofounder of Bitmain, Jihan Wu spoke about institutions flocking to cryptocurrency mining. During the event Bitdeer outlined the company’s computing partnerships and its plans to make digital currency mining greener. Bitmain’s Cofounder Jihan Wu Is Optimistic About the Future of Cryptocurrencies and Mining Two weeks ago, Bitdeer Group, the corporate organization behind the web portal bitdeer.com, announced the firm has been granted funding for $12 million from the Hong....

Skybridge Capital Cofounder Says Gamestop Activity Is ‘More Proof That Bitcoi...

The New York-based Skybridge Capital cofounder, Anthony Scaramucci, recently explained that this week’s Gamestop fiasco is positive for the global cryptocurrency bitcoin. Scaramucci’s statements follow the global investment manager’s recent dive into the crypto economy by gathering exposure to over $300 million worth of the cryptocurrency. Skybridge Capital Cofounder Says Gamestop Stock Activity Bolsters the Concept of Bitcoin The recent Gamestop stock saga has shown the world the power of social media and financial technology combined. Meme lords, Redditors, Discord....

Apple Cofounder Steve Wozniak Says Bitcoin Is a ‘Mathematical Miracle’

Presenting at the Talent Land Jalisco 2021, Apple cofounder Steve Wozniak called bitcoin an “amazing mathematical miracle.” Wozniak said he’s not a bitcoin investor per se, but “believes in it for the future.” Steve Wozniak Is Not Necessarily Invested but Still Believes Bitcoin Is an ‘Amazing Mathematical’ Creation Apple cofounder Steve Wozniak is a fan of bitcoin and he’s mentioned the subject on numerous occasions over the years. Back in August 2018, Wozniak revealed he was participating with a crypto startup and spoke highly about bitcoin.....