- There is a fair share of critics on Bitcoin out there, there’s no doubt about that.
- The CEO of Compound Capital Advisors, Charlie Bilello decided it would be a good idea to take a dig or two at the leading cryptocurrency.
- But evidently, it backfired…
There is a fair share of critics on Bitcoin out there, there’s no doubt about that. Some of them like Peter Schiff will stop at nothing to make sure Bitcoin is belittled until it is but a shadow of what it once *was*.
The CEO of Compound Capital Advisors, Charlie Bilello decided it would be a good idea to take a dig or two at the leading cryptocurrency but evidently, it backfired…
"Bitcoin is going to disrupt payments."— Charlie Bilello (@charliebilello) January 16, 2020
Returns since the first Bitcoin transaction in Jan 2009...
Mastercard: 2,139% pic.twitter.com/hYaeIeHCXW
Making mistakes at work every now and then is a normal part of life, however, when you have a following the size of Bilello’s - and especially in such an industry where you offer investment advice - it’s probably better to do some research. In response to the above tweet, Crypto Rand hit back at Bilello with the facts:
Going back to Bilello’s initial point of bitcoin disrupting payments though, you can see that there is truth to it. In a 2019 Nilson Report, it reveals that the combined purchase transactions of Mastercard and Visa result to almost 100 billion.
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