This year saw an influx of high profile crypto enthusiasts. Here’s a review of the celebs who were deep into crypto.
Because second-quarter profits were down and the Shanghai factory had to be closed, Musk did not want to take any chances. Both the developments at Tesla and the falling price of Bitcoin meant that Musk saw no other way out but to sell much of the position.
These developments are in stark contrast to the events of 2021, where Musk turned the crypto market completely upside down. In early 2021, he announced that Tesla had purchased $1.5 billion worth of Bitcoin. This news caused Bitcoin’s price to explode. In addition to the positive effect on Bitcoin’s price, Musk was also one of the causes of the hard fall a few months later.
However, in the fall of 2022, Di Iorio announced his new challenge in blockchain technology. With his company, called Andiami, he wants to promote decentralization through hardware. This makes Di Iorio the next co-founder to leave Ethereum. In the past, Charles Hoskinson, Gavin Wood and Joseph Lubin preceded him. They founded Cardano, Polkadot and Infura, respectively.
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