“I’m a sucker for a Twitter bet”: Atlassian co-founder Mike Cannon-Brookes and Square Peg’s Paul Bassat bet thousands on the price of Bitcoin

Fresh from his famous bet in March with Tesla founder Elon Musk, Atlassian co-founder Mike Cannon-Brookes is at it again with the Twitter wagers, this time challenging Square Peg co-founder Paul Bassat on the future price of Bitcoin.

It all started when Bassat, also an avid tweeter, took to the social platform earlier this month to comment on the ever-increasing price of Bitcoin, which at the time had just blasted pass $US10,000 ($13,000) and was well on its way to an all-time high of $US18,000 ($23,400).

“Think collapse of Bitcoin price is more a question of how and when than if. The bubble seems to have more in common with tulip bulb mania (no inherent value) than Dotcom bubble. What, if any, collateral damage will be caused by collapse in price?” Bassat tweeted to his followers, unknowingly adding to the ever-growing list of Bitcoin obituaries.

A few days later, Cannon-Brookes responded to Bassat’s comments on an impending Bitcoin crash, advocating for the volatile digital currency. Read more

Dominic Powell- Smart Company - 15 Dec 2017

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