One of Coinbase's First Investors Says Crypto Is Worthless and Should Be Shut Down

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One of Coinbase's First Investors Says Crypto Is Worthless and Should Be Shut Down
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Fighting words.

After turning a $10,000 investment in mainstream cryptocurrency exchange Coinbase into a smooth $6 million, 34-year-old angel investor Liron Shapira has had enough., Shapira took a swipe at the wider cryptocurrency space, calling it "essentially worthless" and opining that it "should all be shut down" — which is rather convenient, it's worth pointing out, for somebody who already got away with millions., Shapira's opinion isn't exactly without wrong, either.

Now, he's aspiring to become "the Michael Burry of crypto," referring to the investment fund manager who famously predicted the 2008 financial crisis — and he's not pulling any punches.

Shapira has since leveraged his online presence as a way to bludgeon targets into the crypto space, like when he called Axie Infinity — which, sure enough,

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