Bank founder, Danish Saxo Lars Seier Christensen have done numerous trading of BTC, nevertheless as the CEO of a bank; he had a hard time persuasion his staff to provide cryptocurrency services. At present, he is thinking on the byproducts for a different fright sell-off beforehand getting back to cryptocurrency trading. Christensen created a primary asset in BTC, purchasing when it was priced at $100 – $400 6 years ago. He then cashed out over million dollars when BTC reached $6,300 in 2017. Thus, Saxo Bank Founder Lars Christensen Is Waiting for a Cryptocurrency Panic Sell-Off.
55-year-old Danish banker Christensen, “This was just before the blow-off rally in the last part of the year, so I looked like an idiot for a while, particularly because the main Danish financial paper got wind of it and ran a front-page story on my sale! But now I look a little smarter, I guess… I haven’t invested in cryptocurrencies like BTC and ETH since,” Christensen clarified that he would only hurdle back into cryptocurrency in case the charges go meaningfully inferior. BTC is not the only thing he vended off; in 2017 the Dane also vended off his stick in Saxo Bank to Chinese billionaire Li Shufu.
Christensen who is also known as Stig stated that he has continuously had an ultra-libertarian line and is hazardous of the present investment system. He clarified that after spending 30 years in fiat currency interchange, he is captivated by any essential novelties in the kingdom of currencies.
“There are many ways in which our current system is deeply inefficient and can be improved, both by better delivery of fiat currencies and asset-backed tokens, as well as true cryptocurrencies. It is all about mainstream adoption, and whether a real store of value argument can be lifted on a long-term basis, or whether speculation and high-velocity utility will prevail,” said Christensen. He described the banking industry as “old wine in new bottles, not that different from the past” and trusts that finished the adoption of new technology things can be vastly improved.