Cory Klippsten started issuing warnings about the cryptocurrency market in March. The digital coin Luna, Mr. Klippsten tweeted, was a scam, run by an entrepreneur with “major Elizabeth Holmes vibes.” The newfangled crypto bank Celsius Network was a “massive blowup risk,” he said.
When those crypto projects collapsed a few weeks later, causing a crash that has wiped out about $1 trillion in value, Mr. Klippsten became a fixture on news shows, where he cast the industry as a morass of hucksters and hypocrites. “Crypto is a scam,” he declared last month.
But Mr. Klippsten differs from most crypto haters in one crucial respect: He runs a Bitcoin company.
In the crypto world, Mr. Klippsten is known as a Bitcoin maximalist, or “maxi” — a hard-core evangelist who believes Bitcoin will transform the financial system even as fraud pervades the rest of the crypto ecosystem. The maxis are just a subset of the crypto industry, but their ranks include influential figures like Jack Dorsey, a...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...