David Bailey, the editor of Bitcoin Magazine, has an ambition that is nothing short of audacious: to transform a modest clinic in Utah into a sort of bitcoin version of Berkshire Hathaway. The market, however, remains rather skeptical.
David Bailey describes his project as a fight like "Saving Private Ryan." For six months, the 35-year-old CEO of Nakamoto Holdings (a digital asset cash management company he founded to house the bitcoin reserves of companies) has seen his riskiest bet to date waver: a merger with KindlyMD, a small publicly traded healthcare company in Utah, which has gone from promise to nightmare. "I’ve been too busy getting my butt kicked in the market," he quips, as the company’s stock has plunged from $25 to less than $1 in six months.
An atypical character in the world of publicly traded companies, Bailey is primarily known as the CEO of Bitcoin Magazine and the organizer of the largest global conference dedicated to cryptocurrency. He is also the one who allegedly convinced Donald Trump to take an interest in bitcoin. His ambition remains intact: "Our goal is to become the world's leading bitcoin company," he asserts.$BTC #FranceBTCReserveBill
