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Mike Cannon-Brookes admitted he likes to gamble – on bitcoin

Mike Cannon-Brookes admitted he likes to gamble – on bitcoin.

Cannon-Brookes tweeted on Monday:

Cannon-Brookes, who mistakenly thinks bitcoins come in ounces,  tweeted later that he “bet” on bitcoin, and he has done well based on the assumption that, “It will be worth a lot, or zero”.



He added: “Much like a horse racing. Not like investing.”   

Cannon-Brookes later tweeted that $10,000 USD in bitcoins purchased in July 2010 would today be worth more than $US 146,428,889.

Cannon-Brookes is believed to enjoy bets in the crypto currency space via tech investor Blackbird Ventures and bank disrupter Tyro.

The Tyro Fintech Hub was opened in February 2015. The Hub takes up the entire third floor of Tyro’s new offices in the newly refurbished art deco building at 155 Clarence Street Sydney.

Cannon-Brookes has condemned what he sees as overreaching regulation by Australian authorities.

In reference to Bitcoin company CoinJar moving to the UK to avoid Australian bnitcoin sales tax, he tweeted: “Make a stupid law. Lose business. When will we learn Aus?”

Mr Cannon-Brookes, whose company Atlassian is currently valued around $US4.25 billion on the NASDAQ, has received high praise.

Tesla CEO Elon Musk thanked Australian billionaire Mike Cannon-Brookes for promising to fix South Australia’s energy crisis throughj large-scale battery storage.

Mr Musk tweeted“@mcannonbrookes Can only happen with your support, and working closely with key govt and utility leaders who are strongly committed to trying new approaches.”

 

 

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