The Guy Who Called Bitcoin a Bubble Now Wants to Help You Store It
- Roy Sebag says regulation will be beneficial for bitcoiin
- Goldmoney to offer storage service for cryptocurrency owners
Mangrove's Jackson Sees Bitcoin Uptrend Continuing
This article is for subscribers only.
Back in the spring, Roy Sebag’s precious metals investment firm Goldmoney Inc. dumped millions of dollars in bitcoins, calling the digital money a bubble. Now he wants to sell you cryptocurrency trading and storage services.
Sebag, who had originally named his Toronto-based company BitGold Inc. when it was founded in 2014, claims he’s not back-tracking. He’s bearish because he expects regulation to weigh on prices as the market matures. Cryptocurrencies fell in overnight trading after South Korea banned initial coin offerings.