Canadian mining billionaire Frank Gistra warns that corporate-held Bitcoin is like a "time bomb." He predicts that once the overall market crashes and forces companies to liquidate their Bitcoin holdings to cover losses, a massive sell-off will occur. He dismisses the Winklevoss brothers' prediction that Bitcoin will reach million dollars, calling it a "shameless" trick to lure retail investors, and states that he "no longer has money" to buy Bitcoin. Despite Gistra's pessimistic outlook, he admits that "perhaps at some point, he will consider buying."

BTC-0.29%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)