Bitcoin Detractor David Heinemeier Hansson Says “I Was Wrong, We Need It”

David Heinemeier Hansson has backtracked on his decision to not support crypto. The Danish programmer who is famous for creating the Ruby on Rails programming language had been a staunch opponent of the crypto mission in the past. For Hansson, the ideologies behind the creation of cryptocurrencies did not seem to make sense in the western setting where rule of law prevailed. That is until the Canadian Truckers Protest of 2022. The World Needs Crypto In a move that shocked the world at large, the Canadian government had enacted martial law against protesters who were involved in the....

Ruby on Rails creator makes u-turn on Bitcoin due to Canada’s financial crackdown on COVID-19 vaccine protesters. Canada’s move to freeze Bitcoin (BTC) wallets and bank accounts related to COVID-19 vaccine protests is driving cryptocurrency adoption, with some crypto naysayers reconsidering their stance on Bitcoin.David Heinemeier Hansson, the Ruby on Rails web development framework creator, took to Twitter on Monday to tell his followers that he was no longer a Bitcoin skeptic.“I still can’t believe that this is the protest that would prove every Bitcoin crank a prophet. And for me to....

The prize committee for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel - known more commonly as the Nobel Prize in Economics - is set to discuss the nomination of bitcoin creator Satoshi Nakamoto. The move comes days after UCLA finance professor Bhagwan Chowdhry penned an op-ed in The Huffington Post stating his intention to nominate Nakamoto for the prize. In his widely-covered article, Chowdhry wrote that Nakamoto deserves the prize because his invention, bitcoin, is "nothing short of revolutionary". Following its publication, however, some observers raised....

"While a temporary move up to $100K is possible, a permanent move down to zero is inevitable," Schiff said on Twitter. The man who once said "Bitcoin will never hit 50K" has doubled down on the bearish prediction that Bitcoin (BTC) will eventually go to zero.Back in 2019, CNBC host Joe Kernen speculated that Bitcoin's price would reach $55,000 by May 2020. Peter Schiff mocked him at the time, saying "Bitcoin will never hit 50k."Though somewhat delayed, the price of Bitcoin hit a new all-time high of more than $50,000 this morning after rising 8% this week. Members of Crypto Twitter —....

The Carlyle Group’s co-founder, David Rubenstein, says that the idea of the government stopping cryptocurrency from being something that investors want is unrealistic. He believes that cryptocurrency is here to stay. It’s not going away as “It’s clearly something that the market wants,” he said. David Rubenstein Bullish About Crypto David Rubenstein, co-founder and co-chairman of Carlyle’s Board of Directors, talked about bitcoin and the future of cryptocurrency in an interview with CNBC last week. He previously served as co-chief executive officer of....