Bitcoin

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<p>Serial entrepreneur Nick Huber recently <a href="https://twitter.com/sweatystartup/status/1728844010738077779" rel="noopener noreferrer nofollow">sparked</a> outrage in the cryptocurrency community with a straightforward post: "Bitcoin doesn't make any sense at all to me."</p>
<p>This blunt statement, which comes from a respected business figure, has ignited a flurry of responses within the cryptocurrency community.</p>
<h2 id="riling-up-crypto-community">Riling up crypto community&nbsp;</h2>
<p>Some members have pointed to Bitcoin's potential as a hedge against inflation and central bank policies. Others have questioned the depth of Huber's understanding of cryptocurrency. Some even targeted the entrepreneur with ad hominem attacks. &nbsp;</p>
<p>The core of the debate centers on understanding what <a href="https://u.today/bitcoin-fees-reach-highest-level-in-six-months-heres-why" rel="noopener noreferrer nofollow">Bitcoin</a> represents and its potential role in the global financial system.</p>
<p>Crypto proponents argue that Bitcoin is a necessary response to what they see as reckless monetary policy and central bank money printing.</p>
<p>Crypto critics, however, point to the high volatility and speculative nature of Bitcoin and question its viability as a stable store of value or medium of exchange.</p>
<h2 id="reason-behind-huber-s-bearishness">Reason behind Huber's bearishness&nbsp;</h2>
<p>Nick Huber, a Cornell University graduate, is a prominent figure in the entrepreneurial world known for his strategic moves in the real estate and start-up sectors. He first made headlines with Storage Squad, the company he nurtured and expanded across 25 college campuses. He eventually sold it for a seven-figure sum in early 2021.</p>
<p>This is not the first time that Huber has criticized the cryptocurrency community. In 2021, Huber humorously <a href="https://twitter.com/sweatystartup/status/1464375107527323651" rel="noopener noreferrer nofollow">likened</a> criticizing Bitcoin or Ethereum on X (Twitter) to revealing a superhero's weakness to fervent fans.&nbsp;</p>
<p>In 2020, he revealed a more personal side of his cryptocurrency journey, admitting to being <a href="https://twitter.com/sweatystartup/status/1341608165205553152" rel="noopener noreferrer nofollow">a Bitcoin bear out of jealousy</a>. Huber disclosed that he had bought 30 Bitcoins at $200 each and sold them at $220, missing out on the substantial gains that followed.</p>

Bitcoin Is Pointless, Serial Entrepreneur Claims

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