BEAMSTART Logo

Bitcoin Family say they lost $1 million on their investment this year, but sold a lot at peak

CNBC LogoCNBC1 mo ago

Bitcoin Family say they lost $1 million on their investment this year, but sold a lot at peak

Quick Summary AI Powered

The "Bitcoin Family" is down more than $1 million on their bitcoin investment since the world's most popular digital coin peaked at around $69,000.

Taihuttu's latest project is running a bitcoin bar on one of the most popular beaches in Lagos, in order to "lead by example." He also plans to spread the gospel of bitcoin by converting all vendors along that stretch of sand into Lightning-friendly retailers.

Taihuttu — who studies crypto market price charts and follows popular indicators like the Mayer Multiple — thinks in the current price cycle, bitcoin will bottom out somewhere between $15,000 to $20,000, before bouncing up to above $140,000 by 2025.


More Pictures


or

Article Details

Category: Technology

Topics: Cnbc FinTech Crypto Technology USD Coin/USD Bitcoin/USD Coinbase Crypto World Bitcoin Energy Cryptocurrency Tether/USD Coin Metrics Source:tagname:CNBC US Source Articles

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-02, 12:00:01

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 8 minutes read

Article Length: 1378 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 26617

View Article Analysis

About CNBC

CNBC Logo

Main Topics: Technology

Official Website: cnbc.com

Update Frequency: 9 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #35

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.