Disgraced American hedge fund manager and former pharmaceutical executive Martin Shkreli shared his views on an early Saturday Twitter Spaces. Shkreli, who appeared in the live audio conversations arranged by Autism Capital shortly after his prison release talked about a wide range of topics and that he was optimistic about the future of DeFi.
Terming Uniswap as cool, the controversial entrepreneur revealed he started using the DEX in prison and is bullish on Milady NFTs. He then went on to predict two Layer 1 projects Algorand [ALGO] and Solana [SOL] that could erase Bitcoin’s hold over the market and said the reign of the dominant crypto might get “eaten away” over time.
Next, Shkreli viewed Ethereum as the one that could overtake Bitcoin’s market cap, which rings similar to a hypothetical event Ethereum advocates refer to as “the Flippening.”
He also talked about the ethics of cybercrimes and cited the case of Former Ethereum Developer Virgil Griffith who was sentenced to 5+ years in prison for allegedly helping North Koreans use cryptocurrencies to evade sanctions.
On the current marketwide correction, Shkreli said, “We could see winter for another few years. But the winners will ride it out.”
Martin Shkreli was accused of fraud in a drug firm
Convicted pharmaceutical executive Martin Shkreli was freed on 18th May from prison after serving much of a seven-year prison sentence after a 2017 conviction for lying to investors about the performance of two hedge funds he ran.
Drilling deeper, he was accused of skimming money for himself from those funds and defrauding investors in a drug company, Retrophin, by hiding his ownership of some of its stock. He was ordered to forfeit $7.3 million.
Dubbed “Pharma Bro,” Shkreli gained fame and notoriety after buying rights to Daraprim, a drug used to treat an infection that occurs in some AIDS, malaria and cancer patients and raising its price from $13.50 to a staggering $750 per pill.
Outside of the Daraprim scandal, the convicted felon turned crypto enthusiast also grabbed headlines for acquiring Wu Tang Clan’s Once Upon a Time in Shaolin, a one-of-a-kind album later bought by PleasrDAO.