The soaring price of Bitcoin (CRYPTO: BTC) to all-time highs led to many long-time believers celebrating and sometimes dunking on the many skeptics who predicted the death of the leading cryptocurrency.
In 2018, entrepreneur and startup investor Jason Calacanis was among the people who said there was a high probability of Bitcoin going to zero. Here’s a look back.
What Happened: Entrepreneur and investor Calacanis may be best known for being a co-host on the popular All-In Podcast, alongside David Sacks, David Friedberg and Chamath Palihapitiya.
While Palihapitiya has been pro-Bitcoin over the years and encouraged people to allocate 1% of their assets to Bitcoin in 2013, Calacanis has been less receptive.
On Nov. 26, 2018, Calacanis tweeted a chart of Bitcoin at the price of $3,731 and said it was highly likely the cryptocurrency would go to zero.
“Bitcoinzero is still the likely case (60-70%) if you own Bitcoin, understand …
Full story available on Benzinga.com