Trump’s crypto mentor bets $653 million on Bitcoin—why isn’t Wall Street buying it?
Original Title: Trump’s Crypto Adviser’s Quixotic Quest To Build A Leading Bitcoin Bank
Author: Nina Bambysheva, Forbes
Original Compilation: Luffy, Foresight News
In David Bailey’s words, the past six months have been nothing short of a “Saving Private Ryan-style brutal battle.” The 35-year-old CEO of Nakamoto Holdings—a digital treasury company he founded to manage corporate bitcoin reserves—has witnessed his boldest gamble yet: the merger with KindlyMD, a small publicly traded healthcare company in Utah, evolve from an initial victory into a current trial.
“I’ve been busy taking a beating in the stock market,” he said. The company’s share price has plummeted from $25 to 92 cents within six months.
Bailey is not your typical…
