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Venezuela Oil Bet by Coinbase Co-Founder Raises Crypto Market Concerns

Guavy AI Editorial Team
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Coinbase co-founder Fred Ehrsam has made a significant bet on Venezuela's oil industry, sparking interest in the crypto community.

Ehrsam, who was not named in the source, reportedly took part in an event at Columbia University's Energy Policy program, discussing climate tech innovations and career opportunities.

The exact nature of Ehrsam's involvement with Venezuela's oil industry is unclear, but it has raised concerns about potential ripple effects on the crypto market.

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