Although many of us are tied to the success of Bitcoin, Cryptocurrency, Blockchain and tangentially de-centralised finance, the necessity of De-Centralised Finance and the will towards creating it is overlooked and undersold to the wider public, especially for those already operating in the functioning systems, the antiquated Commonwealth Bank of Australia and voracious Goldman Sachs.
Recent price movements in Bitcoin have brought out the negative headlines with the usual suspects such as Peter Schiff, who believes he is taking a lap of honour and Nouriel Roubini, the eminent professor who has chosen blockchain – the system he believes is fraudulent and will ultimately fail – as the subject matter of his pinned tweet on Twitter.
WeWork’s attempt at a tech multiple intrinsic valuation exposed a frailty of the tech IPO market that is not shared in all sectors of tech capital raising exercises (looking at you Bitcoin!)
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