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Comedian Trevor Noah Regrets Not Investing in Bitcoin Early

South African comedian and entertainer Trevor Noah recently expressed remorse for not investing in Bitcoin (BTC) during its early stages when its value was minimal.

Noah, renowned for his tenure as the former host of The Daily Show, shared his reflections at the Web Summit Qatar 2024 in Doha on February 26.

During a discussion on his enthusiasm for technology and the rising influence of artificial intelligence, Noah was prompted to reveal the biggest regret of his life.

“The biggest regret I’ve ever had was not seizing the opportunity to buy Bitcoin when it was practically worthless… it was virtually free at one point,” he admitted.

He further conceded that another regret was his lack of effort in comprehending the intricacies of cryptocurrency.

Noah Talked About Cryptocurrencies on His Show

During his tenure on The Daily Show, Trevor Noah frequently delved into topics related to cryptocurrency and NFT trading. He humorously commented on Bitcoin’s mainstream adoption, the volatile nature of crypto prices, and notable market crashes, such as the FTX collapse.

In 2018, there were false rumors circulating about Noah leaving the show to venture into Bitcoin trading via an investment scheme named “Bitcoin Revolution South Africa.” However, these articles have since been removed.

The Web Summit Qatar, a prominent tech conference, kicked off on February 26 and will run until February 29. The event centers on discussions revolving around fintech and artificial intelligence.

During the opening session, Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani, the Prime Minister of Qatar, disclosed a substantial investment of $1 billion by the Qatar Investment Authority (QIA) in regional and international venture capital funds to bolster emerging technologies and support entrepreneurs.

According to Celebrity Net Worth, Trevor Noah’s net worth is estimated to be around $100 million.

Bitcoin Price Reaches Highest Level in Two Years

On Monday, Bitcoin surged to its highest point in over two years, hitting $57,000. The cryptocurrency saw a 9% increase, briefly touching the $57,000 mark for the first time since November 2021, before retracing to around $56,500 levels.

Additionally, Bitcoin’s market capitalization has once again surpassed $1.1 trillion. Over the last 30 days, the asset has recorded an impressive 34% surge and currently sits just 18.5% below its all-time high of $69,000.

According to reports, Jurrien Timmer, Fidelity’s Director of Global Macro, has suggested that Bitcoin’s market cap could potentially reach a quarter of the “monetary gold” market, amounting to an impressive $6 trillion. Timmer’s forecast is predicated on the belief that Bitcoin will solidify its position as digital gold and a dependable store of value.

The analysis draws parallels between the proportion of gold held for monetary purposes, estimated at 40% of the world’s above-ground gold, and the potential market value of Bitcoin. Timmer pointed out that monetary gold, excluding jewelry or industrial uses, is currently valued at approximately $6 trillion, with central banks and private investors holding a significant portion.

Timmer argued that Bitcoin could capture a substantial share of this market, leveraging its current $1 trillion valuation as a springboard for further expansion.

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What we write about

I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

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