FAST FIVE: It's "Gonna Disrupt The F**k Out Of Big Tech" – Crypto Roars Back As Citi Sees Imminent 'Tipping Point' In Global Trade
Additionally, Citi says Bitcoin could be at the start of a “massive transformation” into the mainstream of finance and could even become the currency of global trade.
Additionally, Ethereum has ripped back near $1550 (after hitting a $1200 handle briefly over the weekend), helped by broad flows and positive comments from billionaire Mark Cuban.
Source: Bloomberg In an extensive interview with Decrypt, the billionaire “Shark Tank” shark and owner of the Dallas Mavericks says Ethereum smart contracts will spell big trouble for big SaaS (software as a service) companies.
“Those saying me and Munger and Singer are so out of touch are not considering that we have seen this all before, and not just once,” he said, referring to recent warnings about market speculation from Berkshire's Charlie Munger and hedge-fund billionaire Paul Singer.
“The market is dancing on a knife's edge.” Finally, Third Point's Dan Loeb got rather cerebral on cryptocurrencies, but did seem to come down more on the positive side than negative: I've been doing a deep dive into crypto lately. It is a real test of being intellectually open to new and controversial ideas. Culturally I compare bridging the crypto world with the old as akin to finding a portal @chbetween two distinct worlds in the multiverse.