FOLLOW US: @theinsaneapp
Half-girlfriend writer Chetan Bhagat forecasts crypto is dead.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
Chetan Bhagat is an Indian fiction writer, columnist, and YouTuber who has made predictions for cryptocurrency.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
The Indian fiction writer claimed that FTX had collapsed last week in his TOI column, proving many cool guys wrong.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
He wrote that FTX and many other companies collapsed last week because of massive alleged irregularities.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
These included customer deposits being improperly used to purchase FTT tokens.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
Bhagat said that many lose 80-90% within a year, and some have been completely wiped out. Crypto investors are currently sitting on losses.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
Crypto isn't dead, but it will be smaller due to FTX, Joe Lonsdale (founder of 8VC and cofounder of Palantir) said in an interview with CNBC.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
Other crypto experts predicted that the crypto market would not go down and that some bad news may temporarily affect crypto prices.
Twitter | Insatagram | Facebook
FOLLOW US: @theinsaneapp
According to the WSJ, Bitcoin is getting closer to $17,000 despite crypto lender BlockFi preparing to file for bankruptcy filing.
Twitter | Insatagram | Facebook