Two years ago, Jason Calacanis, an American investor with a net worth of at least $100 million, surmised that there was a 60-70% chance for Bitcoin (BTC) to lose all its value. Today, he asked his 369,000 Twitter followers whether now is a good time to buy some.
Calacanis is an entrepreneur and author who invested $25,000 in Travis Kalanick's company Uber in 2009—this deal alone is worth about $100 million today.
However, when Bitcoin was trading at around $3,700 in 2018, the investor voiced his doubts about the crypto’s future.
“Bitcoinzero is still the likely case (60-70%). if you own bitcoin, understand it's a highly manipulated currency, with no rules or regulations... if you didn't get in early, you're the sucker at the table,” Calacanis tweeted at the time, adding, “$3,700... ouch.”
Other users pointed out that today, as Bitcoin’s price hovers over $23,800, perhaps the time has come to reassess whether buying it at $3,700 could’ve been considered “getting in early” in 2017.
As Decrypt reported, Bitcoin has been getting a lot of endorsements—or at least attention—from well-known financial experts lately. Just yesterday, MicroStrategy CEO Michael Saylor, whose company’s multi-million purchases of BTC helped pave the way for institutional investment in Bitcoin, advised Tesla CEO Elon Musk to do the same. He could be asking the same question.
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Strategy, formerly MicroStrategy, said on Monday that it had recently purchased $75 million worth of Bitcoin, according to a Securities and Exchange Commission filing.
The Tysons, Virginia-based firm said that it now owns approximately 581,000 Bitcoin worth $60.4 billion based on current prices. Meanwhile, Strategy said that it sold $74 million worth of preferred stock through an at-the-money offering program.
Strategy’s announcement follows a high-profile week, in which the company’s co-founder...
Crypto asset manager Canary Capital has applied for an exchange-traded fund tracking Cronos (CRO), the token affiliated with the Crypto.com exchange, according to a filing with the U.S. Securities and Exchange Commission on Friday.
The S-1 registration form marks Canary Capital’s latest step toward potentially debuting its Canary Stake CRO ETF in the U.S. and adds to the growing list of altcoin-based funds before the regulator.
The issuer registered a Delaware Trust entity earlier this month, l...
Just three days after debuting a multi-billion dollar fundraising plan to purchase Bitcoin, President Donald Trump’s Trump Media & Technology Group announced Friday that it has successfully raised $2.4 billion for its crypto treasury.
The funds were raised via an offering of common stock and convertible senior secure notes, the company said. Roughly 50 institutional investors participated in the sale, which produced $2.32 billion in net proceeds.
Those funds will now be used to create a Bitcoi...
