The co-founder and CEO of Civic has bet Ronnie Moas that Bitcoin won’t hit $28,000 by the end of 2019 on a “reputable exchange.” The loser will donate $20,000 to the charity FreeRoss.org.
Will It or Won’t It?
Bitcoin bull Moas, founder and director of Standpoint Research, took Vinny Lingham up on his bet on the last day of World Crypto Con in Las Vegas.
As the first-ever World Crypto Con, the event attracted thousands of attendees, more than 100 exhibitors, and over 75 speakers. Some names present included Charlie Lee, founder of Litecoin; Charlie Shrem; and Brock Pierce.
And what better way to end the conference in Sin City, famous for its 24-hour casinos, than with a bet?
The bet was a surprise that was aired during the live BAD Crypto Podcast on stage. Joel Comm, co-host of the Bad Crypto Podcast, said of the bet:
The event is a place where thought leaders actually put their money in their mouths, or rather where their mouth is. It’s going to be extra-fun keeping track of the price of Bitcoin over the next year, to see if Vinny or Ronnie has to pay up! No matter how it sorts out, we’re all just excited that ultimately it benefits FreeRoss.org.
The $20,000 will go toward providing legal assistance to Ross Ulbricht for his role in Silk Road. Price predictions are nothing new for Bitcoin. Numbers already mentioned range from $125,000 to $1 million for the crypto asset. However, only time will tell who ends up being right.
Yet, this is probably the first time that a Bitcoin price prediction has been done with a charitable purpose in mind. In this instance, though, regardless of who wins or loses, money will be donated to charity.
Best known for creating and running Silk Road, Ulbricht ran the website from 2011 until his arrest in 2013.
The FreeRoss website states that he serving a double life sentence plus 40 years without parole for “non-violent charges.” It goes on to state that the double life sentence was handed down by Judge Katherine Forrest, who was “restrained by law from issuing the death penalty.”
However, compared to the sentences of other Silk Road defendants, and considering Ulbricht had no criminal history, those behind Ulbricht are of the opinion that he got a raw deal. It’s a complicated case, and one that will continue until the alleged injustice is brought to rights.
What do you think of the Silk Road case? Do you think Ulbricht will be freed? Let us know in the comments below.
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