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Chris Harborne

๐Ÿ‘ค Speaker
309 total appearances

Appearances Over Time

Podcast Appearances

Today in Focus
The secretive billionaire bankrolling Nigel Farage

I guess that makes him a fair old wodge more.

Today in Focus
The secretive billionaire bankrolling Nigel Farage

But what makes him a very, very rich man among the richest is cryptocurrency.

Today in Focus
The secretive billionaire bankrolling Nigel Farage

So during that crisis, 2008, when everyone was absolutely appalled with the banks, good reason, this guy, this coder, Satoshi Nakamoto, comes up with this thing, a digital currency.

Today in Focus
The secretive billionaire bankrolling Nigel Farage

Bitcoin, a way to move money around without banks.

Today in Focus
The secretive billionaire bankrolling Nigel Farage

And this is a niche thing for a while, but Harborne is one of the early people to understand this.

Today in Focus
The secretive billionaire bankrolling Nigel Farage

He's had a longstanding interest in tech and new technologies.

Today in Focus
The secretive billionaire bankrolling Nigel Farage

And what he does is he gets in early on Bitcoin.

Today in Focus
The secretive billionaire bankrolling Nigel Farage

Bitcoin initially is not worth very much.

Today in Focus
The secretive billionaire bankrolling Nigel Farage

But within two or three years, Bitcoin is worth a thousand times what it was initially.

Today in Focus
The secretive billionaire bankrolling Nigel Farage

And then there's this other cryptocurrency, and it's based on this platform called Ethereum.

Today in Focus
The secretive billionaire bankrolling Nigel Farage

And he buys massively.

Today in Focus
The secretive billionaire bankrolling Nigel Farage

And that's what makes him what they call a whale, like a mega trader.

Today in Focus
The secretive billionaire bankrolling Nigel Farage

Right.

Today in Focus
The secretive billionaire bankrolling Nigel Farage

So he's been playing the markets.

Today in Focus
The secretive billionaire bankrolling Nigel Farage

He's been trading cryptocurrencies and making an enormous whack of money.

Today in Focus
The secretive billionaire bankrolling Nigel Farage

We don't know how much.

Today in Focus
The secretive billionaire bankrolling Nigel Farage

I mean, plausibly billions held in these cryptocurrencies.

Today in Focus
The secretive billionaire bankrolling Nigel Farage

But then he gets a chance to move from being a kind of crypto trader to have a stake in a crypto exchange, but more importantly, have a stake in the company called Tether.

Today in Focus
The secretive billionaire bankrolling Nigel Farage

What Tether is, is it issues a different kind of thing, a stable coin.

Today in Focus
The secretive billionaire bankrolling Nigel Farage

So not like Bitcoin going up and down all the time in value.