Jeffrey Toobin's Bitcoin Tweet from 2014 Is Even More Nightmarish Than His Zoom Call

News
Tue, 10/20/2020 - 14:41
article image
Alex Dovbnya
The top American journalist who exposed himself on Zoom had called Bitcoin a "rolling disaster" back in 2014
Jeffrey Toobin's Bitcoin Tweet from 2014 Is Even More Nightmarish Than His Zoom Call
Cover image via en.wikipedia.org

There are few things that can be worse than a career-ending Zoom call, but betting against Bitcoin back in 2014 is certainly one of them.

Earlier today, Jeffrey Toobina veteran staff writer at The New Yorker who is regarded as one of the most prominent law journalists in the U.S.grabbed top headlines around the world after accidently exposing himself during a video conference.

After the story about Toobin's nightmarish Zoom call gained plenty of traction on the internet, some dug out his old Bitcoin tweet that dates back to Feb. 28, 2014.

He was wondering how he could bet against Bitcoin while trashing it as a "rolling disaster."

Toobin
Image by @jeffreytoobin

Bitcoin was trading at just $550 back then. Getting into the flagship cryptocurrency then instead of dismissing it would have allowed Toobin to pocket 3,117 percent gains on his investment at the apex of the crypto craze in Dec. 2017.

Those who are mocking the reporter for missing out on the great bull run might be too hard on him. Feb. 2014 was the month in which the now-defunct Mt. Gox exchange filed for bankruptcy following the largest cryptocurrency hack to date.

After all, Microstrategy CEO and Bitcoin bull Michael Saylor was predicting the doom of Bitcoin back then.

The New Yorker has already suspended Toobin as the magazine is investigating the embarrassing incident. He has also taken "some time off" from CNN where he acts as the chief legal analyst.

Related Barstool Sports Founder Dave Portnoy Still Doesn't Get How Bitcoin Mining Works
Related
Barstool Sports Founder Dave Portnoy Still Doesn't Get How Bitcoin Mining Works

In his apology to family members and colleagues, Toobin described the gaffe as "an embarrassingly stupid mistake." He thought that his Zoom video was muted during the call.

I made an embarrassingly stupid mistake, believing I was off-camera.

Bitcoiners, however, showed very little mercy for Toobin. Instead, they flooded his replies with "have fun staying poor" comments.

article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.