LONDON, ENGLAND - NOVEMBER 10: In this photo illustration the FTX logo and mobile app adverts are displayed on screens on November 10, 2022 in London, England. The Bahamas-based crypto exchange's larger rival, Binance, walked away from a potential bailout deal, as FTX struggles with a wave of customer withdrawals that have created a liquidity crunch. (Photo Illustration by Leon Neal/Getty Images)
Boardroom Talk
Boardroom Talk: Stafford Masie reckons FTX implosion ushers in Bitcoin’s big moment, time to buy
Be sure to also click here to hear Masie’s advice on how to protect yourself in the wake of the FTX collapse and associated contagion.
This week controversial Cathie Wood of Ark Invest re-affirmed her forecast that by 2030 Bitcoin will have risen from its current $16 000 to above $1m. For most, her assertions appear to belong in cloud cuckoo land. As the chart below shows, quite apart from steaming higher, Bitcoin's price has fallen from $60k a year ago to below a peak of five years ago.
But my go-to Bitcoin guy, Stafford Masie, doesn't share widespread scepticism on Wood's forecast. In fact he reckons she's being conservative.
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