Chris Harborne
๐ค SpeakerAppearances Over Time
Podcast Appearances
I guess that makes him a fair old wodge more.
But what makes him a very, very rich man among the richest is cryptocurrency.
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.
Bitcoin, a way to move money around without banks.
And this is a niche thing for a while, but Harborne is one of the early people to understand this.
He's had a longstanding interest in tech and new technologies.
And what he does is he gets in early on Bitcoin.
Bitcoin initially is not worth very much.
But within two or three years, Bitcoin is worth a thousand times what it was initially.
And then there's this other cryptocurrency, and it's based on this platform called Ethereum.
And he buys massively.
And that's what makes him what they call a whale, like a mega trader.
Right.
So he's been playing the markets.
He's been trading cryptocurrencies and making an enormous whack of money.
We don't know how much.
I mean, plausibly billions held in these cryptocurrencies.
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.
What Tether is, is it issues a different kind of thing, a stable coin.
So not like Bitcoin going up and down all the time in value.