VanEck Director Calls on USA to Embrace Bitcoin After Backing Tether
“One of the Directors of VanEck, the New York-based investment firm, has gone from defending Tether (USDT) to calling on the US to embrace Bitcoin and distributed ledger technology in the face of a burgeoning arms race.
Gabor Gurbacs is becoming quite vocal on Twitter after his defense of the controversial USDT cryptocurrency. Now, he is calling for the embracing of Bitcoin as a potentially innovative and revolutionary financial system for institutional investors.
Last week in a Tweet, just a day after Tether was hit with a $1.4 trillion class-action lawsuit, Gurbacs said that he was “tired of hoodwink academics, hype-media and uninformed lawyers discrediting the hard work and structural innovation that Tether and Bitfinex built!”