Bitcoin (BTC) ATMs Boom Amid Crypto Rout

The Daily Mail, a popular British tabloid, recently reported on an Australian Bitcoin-centric entrepreneur by the name Sam Karagiozis. Speaking with the outlet, Karagiozis told his story, while also divulging tidbits about his up-and-coming crypto automated teller machine (ATM) hustle.

Karagiozis, a high school dropout turned supposed business guru, explained that while he lost upwards of $3 million on paper in 2018’s crypto crash, his ATM gig has begun to perform well. More specifically, the entrepreneur, who also lost two million Australian dollars through dwindling property valuations, claimed that Auscoin, the startup he heads, raised $2 million in 2018, allowing 31 ATMs to be propped up across Australia.

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