Bitcoin skeptic, Samy Dana does not put the skin on the game when giving up on cryptocurrency price bet.
Two weeks ago, Samy Dana entered into conversations with the Mises Capital profile to legally conclude a bet on the price of Bitcoin, with the exchange market Bitcoin as the intermediary. Documents were exchanged with the legal teams of the broker, Mises Capital and Samy.
However, the commentator for Jovem Pan declined the bet, even though there was no risk of losing money on it. The Mises Capital profile created a challenge in which those who bet could not lose, but would have to buy bitcoin – as we explained in the previous article on the topic.
Someone in the financial market is willing to bet R $ 50,000 that Bitcoin does not exceed R $ 233,000 next year? If it doesn't exceed I pay, if it exceeds you pay me.— Mises Capital (@misescapital) December 24, 2020
Initially, the economist claimed default risk, with the entry of MB as an intermediary and legal contracts, the risk was minimized. Now, according to Mises Capital the answer of the negative legal adviser to the participation of the presenter: “cannot have a name and image associated with betting” due to contracts with other companies, justifying the withdrawal.
Withdrew with 5% of the price missing
With Bitcoin exceeding R $ 200,000 with 100% gains in two weeks, Samy gave up the bet at just 5% of Mises Capital's target price.
We contacted Samy Dana to comment on the matter, but at the time of closing he has not yet responded.
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