Canadian billionaire predicts that Bitcoin treasuries will start selling Bitcoin
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According to a report by Bijie Network: Canadian mining billionaire Frank Giustra has warned that corporate holdings of bitcoin are like a "ticking time bomb." He predicts that once a broader market crash forces companies to liquidate their bitcoin to cover losses, there will be a massive sell-off. He dismissed the Winklevoss brothers' prediction that the price of bitcoin will reach $1 million, calling it a "shameless" ploy to lure retail investors, and stated that he "has no more money" to buy bitcoin. Although Giustra maintains a pessimistic outlook, he admits that "perhaps at some point he will consider buying in."
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