In the time when cryptocurrencies are flooding the exchanges, it’s getting increasingly harder to recognize those worth trading. Although the potential of altcoins is huge, a lot of options on the market fail to represent any real value. That is also why trends of crypto-assets tend to be unpredictable, fleeting and easily influenced by price fluctuations of major cryptocurrencies, making the risk of loss as big as the possibility of profit. Is TecraCoin a solution to this problem?
An introduction to TecraCoin
TecraCoin was created as one of three central projects by an innovative startup company, Tecra, along with the crowdfunding platform Tecra Space and the decentralised exchange Tecra DEX. Thanks to the complementary nature of the projects that make up the company’s model, Tecra’s ecosystem remains largely independent from outside factors. This also allows TecraCoin to be free from the influence of major cryptocurrencies on the market. This is a very important feature, especially in the face of the price crash of cryptocurrencies on the market and unstable situation on crypto exchanges.
From the entire supply of 210 million coins, approximately 78 million TCR are available on the market. TecraCoins are currently tradable on Uniswap, Hotbit, and in the upcoming days we can expect an announcement about the coin getting listed on a new, renowned exchange. For the purpose of integrating with more exchanges, the company created an ERC-20 TCR. The conversion of native coin into an Ethereum-based coin is possible via a bridge available on the Tecra Space platform. At present, TecraCoins are an amazing opportunity for arbitrage traders, as the gap in prices on DEX and CEX leave room for attractive profits.
Tokenomics of Tecra Space and value of TCR
As we have established, the value of TecraCoin remains independent of major cryptocurrencies. But what exactly is it influenced by? To understand that, let’s find out more about the tokenomics of Tecra Space.
Tecra Space is a crowdfunding platform that combines traditional project financing with blockchain technology – namely tokenization, implementation of cryptocurrency, and smart contracts. It offers project creators in various growing industries the opportunity to obtain funding, and enables investors and cryptocurrency enthusiasts to participate in interesting, innovative projects that have a positive impact on our world.
Each project,which begins their fundraising on Tecra Space, issues their project tokens. This is where Tecra’s cryptocurrency comes in. In order to obtain the tokens, you can trade them for TecraCoin. The tokens, which represent early-stage businesses, will then be tradable on Tecra DEX and repurchased by project creators for a certain percentage of their revenue over a period of 10-20 years. As TecraCoin cryptocurrency is a dedicated means of exchange on Tecra Space, its value is directly linked to the projects on the platform. The more successfully finished collections and project developments there are, the more the price of TCR will rise.
Main applications of TCR:
supporting projects on Tecra Space
obtaining project tokens, which are a valuable asset representing real businesses
trading on cryptocurrency exchanges
participating in technological development
Tecra’s plans for the future
Tecra has big plans for the upcoming months. About a month ago the first project (a photovoltaic farm by Expanse Plus) began fundraising on Tecra Space – but the platform is not slowing down. At least two other projects will begin their collections before the end of this year. And of course, new projects are submitted and added to the platform on a regular basis. You can find out more about them in the “project waiting room” tab on Tecra Space.
The launch of Tecra DEX is planned for early 2022. The project is central to the company’s ecosystem and we can’t wait to see what changes and opportunities it will bring for Tecra’s community.
Soon TecraCoin will be listed on its third exchange, but it’s still only the beginning. Tecra is said to constantly be in contact with other top tier exchanges. You will be able to find out more about the upcoming cooperation and other Tecra’s plans during a livestream soon. During the stream, a couple of lucky viewers will have the chance to win TecraCoins from a pool of 1000 TCR, so don’t miss out!
Bitcoin was the first cryptocurrency to ever be released, and its Proof-of-Work consensus mechanism was initially accessible to everyday users – almost anyone with a computer could participate in mining. However, Bitcoin then exploded in terms of both popularity and value, and it’s no longer viable to mine BTC without specialized hardware (ASICs). The limits of Proof-of-Work have also become apparent due to increased demand for transactions, which can lead to high transaction fees.
Ethereum developers have decided to abandon Proof-of-Work altogether, and the project is currently in the process of transitioning to Proof-of-Stake. ETH holders are already able to stake their coins on the Beacon Chain, and the staking contract has now received more than 5 million Ethereum, according to The Block’s Data Dashboard. The total worth of the deposited Ethereum is now about $14.3 billion.
ETH holders who want to participate in staking can do so provided they have at least 32 ETH to stake. However, exchanges and other service providers can pool smaller amounts of ETH, opening up staking to users who don’t have enough ETH to run a validator themselves. However, individuals who choose to run validators run the risk of losing their staked digital assets if they end up acting maliciously.
Individual stakers set to earn up to 23% in rewards
The Beacon Chain now has over 150,000 validators that process the blocks on the new Proof-of-Stake network instead of miners. The validators have been said to have about 99% success in terms of blocks, with them only missing just 1% of the blocks. With staking still ongoing, members who wish to send their Ethereum for staking can choose to do so through deposit contract. At current rates, individuals staking Etheruem would see massive rewards up to 23%. However, the catch is that individuals who choose to withdraw will have to withdraw both their rewards and deposits at the same time. They will be able to do so when Phase 1.5 of the ongoing upgrade is launched, which is expected to happen next year.
Today, Las Vegas-based payment app banq, launched the ability to invest in Bitcoin and Ethereum in multiple accounts. Users can create as many sub-accounts as they need for business or personal use and further buy, hold, or sell crypto out of any or all of them.
This solution allows users to keep crypto investments separate for different goals, different people, and different entities. In particular, one could open an account for their own investments, one to pass on to their children, one to share with a partner or spouse and one for their business to invest a portion of their treasury into bitcoin or Ethereum—while easily managing it all from one place with separate balances.
Generally, payment apps and crypto wallets are “single-bucket,” meaning all transactions live in one account; creating confusion when tracking crypto balances that are made for different goals or different people. It has also been made next to impossible for small business owners to receive exposure to crypto assets in the name of their small businesses—now banq is able to bridge the gap between crypto and small businesses.
“Democratizing finance is a core tenant of the crypto community. It’s critical to us to provide access to crypto assets to both individuals and businesses in a way where people can actually manage their investments both for themselves and their business in a way that’s organized and easy to keep track of,” says banq’s CTO and bitcoin enthusiast, Kevin Lehtiniitty.
The payment app has no plans to stop at investing. For banq, making crypto understood, accessible, and useful to an expansive audience is the mission.
Dancing. Playing. Gambling. Not many other activities that we can trace back to the dawn of civilization are present, to this day, across many cultures. Yet, unlike dancing or playing, our society stigmatizes the practice of gambling. It is, after all, risky by definition, with the undeniable societal and personal dangers that any addictive activity brings to the table.
Online gambling, in particular, has a bad reputation: ever-present, widely available, hard to oversee, and more appealing to a younger audience, it has an inarguable potential to be harmful if done irresponsibly. But its reputation may be undeserved, especially if put in perspective with yet another activity that appeals to our youth: online gaming.
Video games are not without their critics – the media has a particular fondness for speculating on how the violence and gore in first-person shooters can desensitize teenagers. However, our society as a whole accepts them as a more innocuous past-time than gambling. But video games can also be highly addictive, and they are certainly more similar to gambling than you may think.
Gambling in Gaming: an Overview
Firstly, video games – especially if played online – take advantage of randomized features that attribute rewards to players (hoping to keep them engaged) using systems akin to gambling. Perhaps the most infamous of these are loot boxes, such as those that power the Ultimate Team mode from the ever-popular Fifa game series. These are consumable virtual items that can be bought or earned in-game and award loot: random rewards of a variable value. You may get an extraordinarily coveted and expensive item or something virtually worthless – it’s a gamble.
And the connection with gambling doesn’t end there. Gambling itself is part of several popular video games, with titles like GTA5 even featuring fully-fledged casinos where players can gamble with virtual money, purchasable with real-life funds.
Those drawn to these random games that offer paid customization features – primarily young and technologically adept males with a disposable income – are also the target market for online gambling, which may explain why esports betting (with a similar core audience) is on the rise. The audience overlap is even more evident with crypto casino players, which are overwhelmingly young, tech-savvy, high-income, and male.
Blockchain Gambling – Capitalizing on Gamer Nostalgia
Blockchain casinos offering cryptocurrency payments understand this dynamic and tap into their core audience with arcade-like games. While uncommon at mainstream gambling sites, casino games inspired by nostalgic titles such as minesweeper are a trademark of many crypto casinos. Some rely heavily on so-called gamification features that give out achievements and small rewards; and offer titles that resemble platform or social media games more than they do traditional slot machines.
Newer trends within blockchain casinos blur the lines between gambling and gaming even further, with video-game-like features such as purchasable loot boxes, droppable rewards, and character customization options.
On the other side of the spectrum, video game companies have also discovered they can capitalize on this nearly symbiotic nature between video games and blockchain casinos. Gaming powerhouse Atari has recently ventured into the world of virtual casinos featuring cryptocurrencies with the recent launch of an Ethereum-based decentralized casino. The brand’s hopes for this project are nothing short of hopeful: they expect to see $400 million in bets over two years.
The Dangers of Unregulated Markets
While legitimate online casinos in regulated online markets operate within a strict set of marketing rules and restrictions, video games with gambling-like mechanics are highly unregulated and often allowed to target younger demographics.
It’s important to note that gambling features using in-game currencies – which players can often grind, that is, play to win instead of purchasing – don’t necessarily require an exchange of money. However, the potential for addiction is undeniable. The loot box market also moves considerable amounts of money, with skins (cosmetic items) from loot boxes on popular games like CS:GO selling for hundreds of thousands of dollars.
Consequently, the argument that gamble-like gaming isn’t really gambling feels thin and outdated. We could apply a similar logic to cryptocurrency-exclusive casinos in jurisdictions where they are not considered legal tender; or to gambling with meme coins worth a nearly insignificant (and ever-changing) amount of money. After all, if you are betting with tokens, not cash, are you really gambling? Or are you just playing a game?
One thing seems certain: the line between gambling and gaming is already so thin, it’s nearly invisible. As cryptocurrencies take a more prominent role in our lives, the two can become even more intertwined. If so – and it seems inevitable – we need more regulation protecting those at risk of addiction (especially the young), both for cryptocurrency casinos and video games with random features akin to gambling. Even then, we can only hope that the regulating entities are flexible enough – and fast enough – to catch up to the latest trends in an ever-evolving world.
Today, Las Vegas-based payment app banq, launched the ability to invest in Bitcoin and Ethereum from multiple accounts under one platform. Users can create as many sub-accounts as they need for business or personal use and buy and sell crypto from of any or all of them.
This solution allows users to keep crypto investments separate for different goals, different people, and different entities. In particular, one could open an account for their own investments, one to pass on to their children, one to share with a partner or spouse and one for their business to invest a portion of their treasury into Bitcoin or Ethereum—while easily managing it all from one place with separate balances.
Generally, payment apps and crypto wallets are “single-bucket,” meaning all transactions live in one account; creating confusion when tracking crypto balances that are made for different goals or different people. It has also been made next to impossible for small business owners to receive exposure to crypto assets in the name of their small businesses—now banq is able to bridge the gap between crypto and small businesses.
“Democratizing finance is a core tenant of the crypto community. It’s critical to us to provide access to crypto assets to both individuals and businesses in a way where people can actually manage their investments both for themselves and their business in a way that’s organized and easy to keep track of,” says banq’s CTO and Bitcoin enthusiast, Kevin Lehtiniitty.
The platform has no plans to stop at investing. For banq, making crypto of all types understood, accessible, and useful to an expansive audience is the mission.
Recently there have been multiple instances of scams and extensive attacks within the BSC ecosystem. Due to the decentralized permissionless nature of the BSC blockchain, this is an issue that can’t be resolved as easily. There are several major challenges in the BSC now:
As the BSC ecosystem grows at rocket speed, it’s becoming a special target of hackers. These hackers are well-organized and keep trying to identify the potential issues in different protocols, and may own more zero-day vulnerabilities now.
Some projects within the ecosystem lack experience in secure software development and have no risk control experts. There’s also a lack of code audits, penetration testing, and collaboration with security professionals
This is a very challenging issue, as for any blockchain to succeed, it has to be secure. With Binance Smart Chain, security must be the top priority. The security first principle is ingrained in everything we do, and in this article, we’ll introduce you to the basic threats and answer your burning questions about BSC’s security.
The threats you might be facing on BSC are no different from the majority of crypto-related threats. In some sense, BSC might remind some of the 2017 ETH craze where hundreds of projects with millions of users flooded the blockchain and became a target of hackers and scammers.
The community faced basic social scams, hacking, personal data thefts, and many fake projects and Ponzi schemes. Since then, the attackers gained years of experience, but otherwise not much has changed in the way they operate.
There are two categories of threats:
External – These are all the threats coming outside of the project. External attackers usually exploit technical or operational vulnerabilities, infiltrate internal systems via hacks or social engineering, and attempt to steal the funds, valuable information, or just simply take the project down.
Internal – Internal threats are the well-known rug pulls, exit scams, and insider leaks. They are much harder to prevent and usually more complicated to investigate. In most cases, there are individual team members who felt an opportunity and abused their power, but there are also rare cases of organized groups and teams executing these attacks.
Is Binance Smart Chain safe?
The question of whether BSC or any other blockchain, as a matter of fact, is safe, could be answered in different ways. One element is the security of the code, the nodes, and the blockchain itself, the second element is the security of the ecosystem. The BSC ecosystem consists of multiple parts and participants where each comes with a different set of threats. There’s code and the algorithm, validators and their hardware, projects building on BSC, and also the individuals using it.
The decentralized BSC blockchain is running on an open-source code accessible for third parties and the public for auditing. With open-source code, anyone (with required technical knowledge) has the ability to review the code line by line and assess the possible weakness and threats. The PoSA algorithm built around 21 elected validators prevents individual validators from gaining too much control over the network and going rogue.
The BSC network and the algorithm it operates on are indeed very safe. The track record of BSC clean of incidents or hacks shows that there are no known vulnerabilities or attack vectors that could be abused on the blockchain itself. Security teams and projects incentivized by the bounty program rigorously test every element of BSC’s security on a regular basis, ensuring that even the slightest issues get resolved immediately.
Are dApps on BSC safe?
While with BSC network and code, we can verify and audit almost everything, with individual projects it’s a bit more difficult. Not every project on BSC is open-source, and even then, being open-source doesn’t automatically mean secure. Then there’s the security of smart contracts and no zero-defect codes and as each project is developed by an independent team, there’s always a chance of defects.
Due to the decentralized nature of BSC, basically, anyone can build on the network and attempt to list a token on one of the many decentralized exchanges. There’s no reviewal process or centralized governance that would prevent malicious projects from launching on BSC, as such censorship would damage the decentralization and it’s not technically or logistically possible.
There are multiple BSC security companies like Peckshield and Certik that audit and verify different BSC tokens and dApps. Delicate security audits look for potential vulnerabilities in the code, business model, and other aspects. They also often verify the core team members, review their previous experience, or audit the project’s finance. However, these audits are not mandatory and they rarely cover new or emerging dApps. When looking for a genuine project, it’s recommended to avoid uncertified projects and always prefer projects with multiple audits from different companies.
Can BSC bridges stop or revert hacks?
Simply put, no. Bridges can’t stop or revert hacks or suspicious transactions. Bridges are often used by attackers to transfer the stolen assets to a different chain and decrease the chances of being caught. Currently, there are more than 10 bridges between BSC and other blockchains (like Ethereum, Bitcoin, Tron, and others) processing thousands of transactions every minute. Even for bridge operators, it’s very difficult to identify and stop suspicious transactions. Out of the recent incidents, there were 7 hacks that used the Anyswap bridge to move the stolen assets outside of the BSC blockchain.
It’s also important to note that not all the bridges introduced anti-fraud mechanisms (AML, blacklists, etc.) and many to this day don’t partner with any professional chain analytics or security companies to minimize the risks.
Is there a way to report scams?
Thanks to PeckShield, one of the major security partners within the BSC ecosystem, there’s now an easy way to report scams or suspicious projects. Simply visit https://forms.coinholmes.com/ and enter as much information as you can.
Building a better blockchain security
There are many ongoing community-driven efforts aiming to increase the security of the BSC ecosystem and protect the users and their funds and data. Security Companies like PeckShield, CertiK, and others help the BSC ecosystem with auditing, threat intelligence, and security ops, and there are also individual security teams within the projects.
BSC Core team will keep working with industry-leading security companies to introduce better infrastructures and services:
Introduce multiple new partners on Bounty Program to provide more proactive penetration testing to identify issues earlier.
Identify new professional partners to provide BSC SAFU Funds or insurance protocol.
Due to the intensity of the recent incidents, we want to call for community action.
If you are a BSC user:
Grow your knowledge, participate in community education and awareness hosted by the different BSC communities, and spread the word.
Always do your own research (DYOR) and avoid speculative projects. Learn how to spot scams in DeFi from Binance Academy and regularly refresh your knowledge.
Gather extra info from trusted sources like Certik Security Dashboard https://www.certik.org/boards/bsc, which provides insights into the BSC projects from different angles.
If you are a developer or a project, you should aim to improve your reputation, security and build trust with your audiences by :
Going through at least 2 audits (the more, the better) and proactively working with security companies with a solid reputation to keep analyzing potential vulnerabilities.
Introduce your own bounty program or leverage 3rd party platforms like Immunefi., which can attract community testers to identify issues earlier.
Dedicate a portion of your funds to SAFU-like insurance to protect your users and their funds.
Provide better transparency, clearly communicate all major updates and roadmap, and organize community sharings for both developers and users.
The last 9 months exposed that some of the critical infrastructure and services need to be rebuilt to cater to the rocket growth of users and network activity. As a community-driven and decentralized ecosystem, BSC can survive and thrive only if all the ecosystem members come together and coordinate as a community.
The BSC ecosystem will face many challenges over the upcoming months, but building a decentralized, scalable, and secure blockchain is not easy. We’re asking for your support during these times and we welcome all your suggestions.
Our ongoing security workshops with some of the best BSC projects are a great way to learn more about security of decentralized permissionless environments. Join us!
Session 1: Understand the security risks of blockchain – by Certik Team
A quick introduction to solidity, smart contract development, and applications in the DeFi environment.
Case study on ten recent exploits and hacks; grouped into four categories.
How to prepare your project and get the most out of a security audit.
What are some common things to look out for in a contract that indicate it be risky? [Mint unlimited tokens, migrate liquidity pools or staked assets, changes to fee percentages without a timelock]
What are some practical measures a user can take on a day to day basis to keep themselves safe in a Defi environment?
Panther Protocol is proud to announce the successful completion of its private sale to the tune of $8 million from over 140 investors. This emphasizes the need for privacy solutions in the DeFi industry.
Panther Protocol is an interoperable privacy solution focused on the needs of decentralized finance traders and investors. Due to the immutable and transparent nature of public blockchains, DeFi users are subject to surveillance and economic espionage. Transactional privacy is in high demand, as it allows retail, whales and institutional users to protect their competitive advantages by not allowing adversaries to reverse engineer and front-run their strategies. Traders lose their alpha very quickly in DeFi and one of Panther’s strongest value propositions is to help traders protect that alpha.
Panther Protocol allows users to mint fully collateralized private assets called zAssets, private synthetics of any digital asset – think zBTC, zETH and zUSD. Users deposit their digital assets in a vault and receive zAssets in their Panther wallet. Such zAssets can be confidentially routed through the Panther network for use across all of DeFi.
A promising feature of Panther is selective private disclosures, which could be a game changer that solves the privacy and compliance dilemma. In addition to giving the users the ability to go fully private, there will be different levels of disclosures available. One of them, called Zero-knowledge disclosures, allows users to prove compliance without providing any underlying data, taking advantage of Zero Knowledge Proof technology and trust providers, a novel decentralized architecture for privacy and trust, laying the groundwork for institutional players to come into DeFi without having to worry about privacy and compliance, two bottlenecks that stunt institutional exposure to decentralized finance. without having to disclose anything about the transaction itself (sender, receiver, amounts, metadata — all of that remains private).
Panther Protocol CEO and co-founder Oliver Gale states:
“We believe zAssets will become an ever expanding asset class for users who want their transactions and strategies the way they should always have been: private. Stablecoins, utility tokens and NFTs will all become infused with privacy. Institutional DeFi and Web3 require privacy to scale and disrupt legacy systems. Our entire team is thrilled with the overwhelmingly positive response to our value proposition. These successful fundraising rounds allow us to expand a growing team of rockstars in cryptography, technology and product.”
There were more than 140 VCs and ecosystem participants involved in the private rounds, a number that speaks to the breadth of interest in DeFi privacy. Firms from around the world such as Rarestone Capital, Master Ventures, DeepVentures, Moonwhale, Alphabit Fund, Ex Network, MarketAcross, Nextgen, Protocol Ventures, Titans Ventures, Insignious Capital, Kosmos VC, Ellipti, BlockArk, A195 Capital, Aquablock, AU21, Arcanum Capital, LunarStation,DutchCryptoInvestors, EscolaCripto, GenBlock Capital, Defiants, Netzero, Black Dragon, CSP DAO Network, Berezka DAO, Skynet and BaseTwo were some of the early contributors.
Following these successful private rounds, Panther Protocol will offer a Public Sale in Q3. More details regarding the Public Sale will be announced via the official social channels.
About Panther Protocol
Panther Protocol is an end-to-end privacy protocol focused on DeFi. Panther provides DeFi users with fully collateralized, private digital assets (zAssets), leveraging zkSNARKs technology and game theoretic incentives that enable privacy as a service in a compliance friendly manner. Users are able to mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults and can use their zAssets across all of DeFi.
Its founders are Oliver Gale, serial entrepreneur and CBDC pioneer, and Dr Anish Mohammed, cryptographer and Zero Knowledge Proofs guru, Protocol Architect of various notable projects, early advisor to Ripple and one of the reviewers of the Ethereum Orange Paper.
UNI holders express overwhelming support for deployment on Arbitrum
The mainnet of Ethereum scaling Solution Arbitrum is opening up to developers, and the community of popular decentralized exchange Uniswap wants to get in on the action. In a poll gauging the community’s interest for launching Uniswap on Arbitrum, 43.2 million UNI tokens voted in favor, while only 309 tokens voted against the proposition.
Uniswap is the most popular decentralized exchange on the Ethereum blockchain, but transactions can be expensive because of the high transaction fees that arise when the Ethereum network is experiencing congestion.
Let’s take a quick look at how high the transaction fees on Ethereum can be – on average, the cost for swapping is $13, with the price moving as high as $200 in some cases. Arbitrum is a layer 2 scaling solution that implements optimistic rollups to tackle high transaction costs on the Ethereum mainnet. Technologies like Arbitrum promise to handle massive amounts of transactions while charging much lower fees.
Arbitrum will help Uniswap users save on fees
Arbitrum uses a technology known as optimistic rollups, a technology that has been given a thumbs up by Ethereum co-founder Vitalik Buterin as a way to help scale Ethereum. In optimistic rollups, multiple transactions are bundled together and committed to the Ethereum mainnet. With Arbitrum going live on May 29, blockchain development platform Alchemy will be helping Ethereum developers integrate their applications on the new scaling solutions. A recent report released by CoinDesk mentioned that no less than 150 developers have asked to be granted early access to Arbitrum.
Through Uniswap’s governance process, UNI holders have expressed overwhelming support for deploying Uniswap’s smart contracts on the Arbitrum platform. To vote on the poll, users either had to delegate their personal tokens or had someone else delegate their tokens to them. To vote, users had to sign a message with the help of the popular MetaMask wallet. In a recent tweet, Uniswap founder Hayden Adams said that in line with the community’s wishes, the Uniswap team has plans to deploy the v3 of their smart contracts on Arbitrum. Going further, Adams also mentioned that they have already started work on the interface with the deployment set to follow. In the future, Uniswap will also be deployed on Optimism, another layer 2 scaling solution that uses Optimistic rollups.
Over the last year, Bitcoin has proven itself as a very worthwile investment. Even with the recent price drops, BTC is still currently trading about 280% higher than one year ago. The impressive performance of the world’s top digital asset has pushed more to consider making a move into the market, including former billionaire investor Carl Icahn. Icahn previously expressed a critical stance towards cryptocurrencies, but his recent comments indicate a much more positive attitude.
Billionaire hints at investing $1.5 billion in the market
In a recent update from the famous billionaire, he mentioned that he could enter the cryptocurrency markets in a big way. With a net worth of around $22 billion, Icahn has always been regarded as one of the most influential personalities on Wall Street. His influence runs deep, with many investors following his lead by investing in the markets he is involved in.
Asides from being a renowned investor, Icahn previously served as an adviser for former U.S. President Donald Trump. In an interview with Bloomberg TV, Icahn mentioned that he could be investing as much as $1.5 billion if he does decide to make an entrance into the crypto market.
Back as 2018, Icahn mentioned that he was opposed to digital assets like Bitcoin because he considered them ridiculous. He further went on to mention that he was not looking to deal with them.
More investors are turning to Bitcoin
According to Icahn, investors are beginning to get worried at the rate at which the value of the dollar is dropping. Furthermore, he mentioned that digital assets like Bitcoin might be the much-needed solution to the issue. Despite his words of encouragement, Icahn pointed out that most of the digital assets in circulation today are likely to go extinct in the future.
Icahn also mentioned that at this time, he is still looking for a way to enter the market, throwing shade at critics who said digital assets lacked intrinsic value, branding them wrong.
In the last few months, high-pour investors have continued to pour into the crypto market, with Oaktree Capital co-founder Howard Marks being a prime example. Marks mentioned that judging by the fact that he is just getting into the market, he doesn’t have any view on the digital assets as he wants to learn first. Legendary hedge fund manager Ray Dalio also made the news some days ago after mentioning that he now holds a small amount of Bitcoin.
