By : A big shakeup at Argo , the beleaguered company that owns Argo , has revealed that a Rothschild-linked London oil tycoon with a shadowy past just did the cannonball dive into the deep end of the crypto pool.
As if you needed any more evidence that of its year-plus-long bear slump, with the foundations already laid for a massive !
bitcoin Mining Firm Fires Top Brass, Onboards Oil Barron
Frank Timiș, a 56-year-old Romanian-Australian businessman worth over $2 billion with deep interests in oil and gold , of Argo after a company shakeup that led to the ouster of two top Argo executives.
The company also announced a massive overhaul of its entire business plan earlier this year. Rising costs and the long crypto winter rendered Argo ’s previous cash flow model .
With Frank Timiș – who now owns a controlling 14% stake in the firm, at the helm – Argo has moved on from subletting hash rate and invested in its own rigs.
Institutional Adoption? Frank Timis Has Ties to Rothschild Bank
Frank Timiș has ties to Rothschild Bank. That’s about as institutional as it comes. | Source: Shutterstock
The financial establishment has been looking at and the disruptive power it holds with eyes wide open for some time now. 2018 was a year of unprecedented institutional interest in and other digital assets.
2019 is poised to be an even bigger year for institutional investment, as the powers that be scramble to disrupt themselves and their competitors before letting themselves be disrupted first. .
Frank Timiș is an old oil and gold guy with economic interests that tie him firmly into the establishment. In the mid-90s, Timiș’ gold company, Gabriel Resources, even obtained a $3 million loan from the Rothschild Bank in the U.S. after striking gold in Australia.
, and bolsters the renewable energy industry’s threat to the fossil fuel economy.
Can bitcoin Be Corrupted?
Even the banks might not be able to stop what Satoshi has wrought. | Source: Shutterstock
These titans of the 20th-century political and financial status quo will attempt to drink the entire sea because they still don’t fundamentally understand that is a sea change in the world order. It will eventually swallow them instead.
Certainly, is real for those blind masses who would remain shackled by the surveillance and corruption of the financial establishment.
But ’s clever architecture will remain as incorruptible and universally accessible as ever despite the waves of institutional .
It doesn’t matter how many other people use it or how they use it. Your will always be in your control – as long as you hold the private keys.
Published at Sun, 21 Apr 2019 21:45:36 +0000
