3 ms·
Jim Cramer says it's possible Bitcoin could reach $1M one day
- davidgerard 9y ago"European banks are frantically trying to buy bitcoin so they can pay off ransomware, Jim Cramer says." I'm writing a book on Bitcoin/Blockchain - and I tried tracing the 2016 flurry of press on the subject back to its source. Literally all the press traced back to a single Citrix 2016 press release. They didn't even release the survey data itself that I could find, just the press release. https://www.citrix.com/news/announcements/jun-2016/ransomware-risk-could-cripple-british-businesses-with-many-not-r.html https://www.citrix.com/news/announcements/jun-2016/ransomwar... Citrix released another press release yesterday. These two PRs are the only actual sources for the claim - it makes good headlines, and you can get people to comment at length on the implications of it, but the source material is literally just two press releases. https://www.citrix.com/blogs/2017/06/06/ransomware-in-the-uk-one-year-on/ https://www.citrix.com/blogs/2017/06/06/ransomware-in-the-uk... I commented on the new press release on the Citrix site asking if they can detail how the sample was selected, and what the precise wording of all questions was - same as you'd expect from e.g. a political poll. I'm not saying the claim is made up, but I am saying that I want to see the wording and how the sample was selected before allowing any great claims about British IT or that preemptively buying up bitcoins is even a non-negligible phenomenon at all.
- davidgerard 9y agoA commenter on the 2017 post says he personally knows of financials in Europe preemptively buying Bitcoins, though obviously he can't supply details.