Ripple CTO David Schwartz has come under fire for posting an inappropriate cancer joke in response to a tweet about Bitcoin billionaires posted by Kraken’s Pierre Rochard.
This tweet literally gave me cancer. Literally.— David Schwartz (@JoelKatz) April 27, 2020
Rochard asked Schwartz not to make fun of the disease that kills about 10 mln people annually.
Are you a Bitcoin billionaire?
The viral tweet, which says that you only need 10 BTC to be a billionaire, raised many eyebrows. This includes former Wall Streeter Mike Novogratz, who had a hard time getting its gist.
As explained by Rochard, it simply means that one coin can be divided into 100 mln satoshis.
Novogratz claimed that he owned a lot of Bitcoin and was helping to build a healthy ecosystem in response to some backlash.
Wow. You guys are so literal. Was trying to be a little cheeky. I am a bitcoin believer. I own a lot. But more importantly I spend a huge amount of my time trying to do my part to build a healthy ecosystem. To me it’s what makes bitcoin work. You do well by doing good.— Michael Novogratz (@novogratz) April 27, 2020
$100 mln per one coin?
Meanwhile, Adam Back alleged that there was a possibility that Bitcoin could one day reach $100 mln per coin due to quantitative easing and the "modern money theory" (MMT).
By printing an unlimited amount of fiat money, central banks could eventually lose control of inflation. Eventually, BTC could replace the U.S. Dollar as a fiat currency.
in sats?— Adam Back (@adam3us) April 26, 2020
or going for $100mil BTC when USD heads the way of the Zimbabwean dollar? looking slightly more possible future with QE infinity and MMT, if they lose control of inflation, then surely the USD loses reserve currency status.
we're going to have to start tracking BTCXAU
While such a price tag is absolutely wild, Silk Road founder Ross Ulbricht recently predicted that BTC could go to $333 mln during its next bullish wave.