Hacker News new | past | comments | ask | show | jobs | submit login
Jim Cramer says it's possible Bitcoin could reach $1M one day (cnbc.com)
3 points by mbgaxyz on June 7, 2017 | hide | past | favorite | 2 comments



"European banks are frantically trying to buy bitcoin so they can pay off ransomware, Jim Cramer says."

I'm writing a book on Bitcoin/Blockchain - and I tried tracing the 2016 flurry of press on the subject back to its source. Literally all the press traced back to a single Citrix 2016 press release. They didn't even release the survey data itself that I could find, just the press release.

https://www.citrix.com/news/announcements/jun-2016/ransomwar...

Citrix released another press release yesterday. These two PRs are the only actual sources for the claim - it makes good headlines, and you can get people to comment at length on the implications of it, but the source material is literally just two press releases.

https://www.citrix.com/blogs/2017/06/06/ransomware-in-the-uk...

I commented on the new press release on the Citrix site asking if they can detail how the sample was selected, and what the precise wording of all questions was - same as you'd expect from e.g. a political poll.

I'm not saying the claim is made up, but I am saying that I want to see the wording and how the sample was selected before allowing any great claims about British IT or that preemptively buying up bitcoins is even a non-negligible phenomenon at all.


A commenter on the 2017 post says he personally knows of financials in Europe preemptively buying Bitcoins, though obviously he can't supply details.




Consider applying for YC's Fall 2025 batch! Applications are open till Aug 4

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: