Search results for Frank Giustra
Crypto
Economist Henrik Zeberg says Michael Saylor will eventually collapse, raising questions over Strategy
Economist Henrik Zeberg criticised Strategy Chairman Michael Saylor\'s approach of accumulating bitcoin using borrowed money, saying it would end in disaster. The warning comes as bitcoin fell from about $82,000 in early June to $62,000 to $63,000 in about two weeks, and Strategy reported an operating loss of $14 billion in the first quarter of 2026 tied to unrealised losses. Debate is shifting to the sustainability of leveraged bitcoin treasury strategies.
Crypto
Canadian billionaire calls $200,000 bitcoin forecast less plausible than aliens
Canadian billionaire and gold advocate Frank Giustra criticised forecasts that bitcoin could rise to $150,000 to $200,000 in 2026, saying the existence of aliens was more plausible. The exchange followed a post by crypto commentator Chris Millas. Giustra has also rejected bullish price targets cited by Cathie Wood of ARK Invest for 2030 and said bitcoin would not reach $1 million. The debate underscores clashes between bitcoin optimism and scepticism.
Crypto
Ethereum seen reaching $12,000 by 2026; BitMine\'s ETH bet back in focus
Tom Lee (톰 리) has set a $12,000 end-2026 price target for ethereum and a $150,000 to $200,000 target for bitcoin. Speaking at a Consensus 2026 keynote in Miami, he said the long crypto downturn has ended, even as investor sentiment remains bearish. His view aligns with BitMine Immersion Technologies\' strategy to accumulate ethereum, though the company has reported unrealised losses on its holdings and faces volatility concerns.