September 25, 2023 8:22 AM | 2 min read
“The Best Report Benzinga Has Ever Produced”
Massive returns are possible within this market! For a limited time, get access to the Benzinga Insider Report, usually $47/month, for just $0.99! Discover extremely undervalued stock picks before they skyrocket! Time is running out! Act fast and secure your future wealth at this unbelievable discount! Claim Your $0.99 Offer NOW!
Advertorial
Ray Youssef, the co-founder and CEO of Paxful, a leading peer-to-peer global finance platform, took a jab against Bitcoin (CRYPTO: BTC) influencers.
What Happened: Youssef argued that “99.9% of Bitcoin influencers are fake” and suggested that many of them would have been working in other industries, such as “waiting tables”, if it wasn’t for the rise of Bitcoin.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!
Paxful CEO alleged that these influencers secretly engage in promoting and boosting lesser-known cryptocurrencies, referred to as “shi*coins,” in addition to Bitcoin.
“Even with Bitcoin they all secretly dabble in and pump shi*coins. The noise they make holds us back. Very few people move the needle,” he said.
Will The SEC Finally Approve Long-Awaited Bitcoin Spot ETF? Ask industry experts directly at Benzinga’s Future of Digital Assets event happening in NYC on Nov. 14, 2023. Be a part of the discussions where you won’t just be a passive spectator. Don’t let this chance slip away – secure early bird discounted tickets now!
See More: A Stay At The Floating Palace From James Bond’s ‘Octopussy
Why It Matters: Paxful was founded by Youssef and Artur Schaback in 2015, and has positioned itself as a peer-to-peer Bitcoin marketplace, connecting buyers and sellers worldwide to facilitate seamless cross-border financial transactions.
While Paxful initially supported trading in multiple cryptocurrencies, including Bitcoin and Ether (CRYPTO: ETH), the platform made the decision to suspend Ether trading in December. The reason cited for this move was Ether’s transition from a proof-of-work to a proof-of-stake network consensus mechanism.
Price Action: At the time of writing, BTC was trading at $26,182.36, down 0.80% in the last 24 hours, according to Benzinga Pro.
Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?
Photo by Roman Samborskyi on Shutterstock
“The Best Report Benzinga Has Ever Produced”
Massive returns are possible within this market! For a limited time, get access to the Benzinga Insider Report, usually $47/month, for just $0.99! Discover extremely undervalued stock picks before they skyrocket! Time is running out! Act fast and secure your future wealth at this unbelievable discount! Claim Your $0.99 Offer NOW!
Advertorial
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
