With Billionaires Like Steve Cohen Interested, It Is Time To Take Notice
(Edited)
Steve Cohen made headlines when he said that he is not going to miss the happenings of crypto. He followed it up by stating that he isn't really interested in Bitcoin per se. What really interests him is the technology and what is can do to change things.
In this video I discuss how this affirms what many of us have been saying. When someone like Cohen hones in on that, it is time to pay attention. There is a lot of things happening here that people need to take notice of.
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BEER.Hey @taskmaster4450, here is a little bit of
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BEERKING.Steven Cohen bought a controlling interest in the New York Mets either in 2019 or 2020 (the last two years have been a big blur for me, so I forget). Mets fans better hope he's closer to being like Mark Cuban than Bernie Madoff.
Seriously, any rich person can say they buy BTC because they want Bitcoin. Not as many say they want what cryptocurrency and blockchains in general can do for them. In that regard, it looks like a good sign that he's into it.
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Every single big guy entering will add legitimacy to the space and I agree with that. The only problem is whether or not these people will sell out once things start turning red as there are very few people who like to see the prices down (like in a bear market).
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Whenever I hear about a new billionaire or corporation taking an interest in crypto, I'm torn. They help validate the crypto space to the rest of the world, but they are here to control, not to help build a decentralized system. Including Michael Saylor. He/MicroStrategy wants to control as much as the existing bitcoin supply as possible before they are out of reach for them. He also helped the crypto space significantly through his public positions and actions.
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Summary:
In this video, the narrator discusses the recent trend of billionaires, particularly in the finance industry, showing interest and investing in cryptocurrencies, specifically Bitcoin. The focus is on individuals like Michael Saylor of MicroStrategy and Stephen Cohen, a Wall Street personality known for his success in the financial industry. The conversation delves into the rationale behind these billionaire's investments, highlighting their focus on the underlying technology of cryptocurrencies rather than just the financial gains.
Detailed Article:
The video starts by addressing the prevailing negativity in the crypto market due to price fluctuations, contrasting it with the significant investments made by MicroStrategy, led by Michael Saylor, into Bitcoin. Emphasis is placed on the fact that Saylor is not acting alone and likely has a group of investors joining him in this trend, although they may not be as public as he is.
Furthermore, the discussion shifts to Stephen Cohen, a prominent figure in Wall Street known for acquiring the New York Mets. Cohen's interest in cryptocurrency is notably more focused on the technology aspect rather than the financial gains, with an emphasis on the potential for disruption and change that these technologies can bring about. The analysis touches on how Cohen's background in data-driven and AI technologies positions him to understand the value of emerging technologies like blockchain.
The narrator acknowledges the less savory aspects of some billionaires' past actions but highlights their opportunistic nature and deep understanding of technological advancements. Mention is made of Cohen's potential investment strategies, possibly focusing on VC-backed projects that aim to drive innovation within the industry.
Key points are made regarding the potential ripple effects of billionaires like Cohen entering the cryptocurrency space, influencing not just the financial sector but also revolutionizing various other industries such as manufacturing, medical, and social media. The discussion also brings into view the concept of ownership, business structures, and inclusivity that these technologies could reshape.
The article observes the overarching theme of billionaires like Cohen bringing validation to the cryptocurrency industry, strengthening the credibility and potential for widespread adoption. It ends by underlining the importance of alternative, open-source solutions to counterbalance the influence of these high-profile investors and ensure a diverse and inclusive landscape within the crypto space.