In an attempt to hopefully convince more Australians to get vaccinated against COVID-19, Fred Schebesta (an Australian entrepreneur and local millionaire) recently announced that he should be giving $5 worth of Bitcoin (BTC) to all individuals that get the vaccination. Fred wants to do his part to fight against the ongoing pandemic, as Australia is one of the most adversely affected countries and has experienced several lockdowns ever since the virus initially began spreading.
Get vaccinated, receive BTC
Fred stated that the $5 worth of BTC shall be given to Australians who have already received the vaccine and also to anyone who has yet to get it. If we were to observe the statistics, then we can see that the millionaire must distribute $75 million (USD) should everyone actually decide to take him up on his offer.
Fred is the cofounder of Finder, a financial analysis and comparison website. He wants to offer $5 worth of BTC to those Australian citizens that have been vaccinated since this past February, in addition to those who receive the vaccine in the future. With the ever-increasing popularity of crypto, it would make sense to offer BTC as an incentive for the betterment of all and to potentially improve the situation in Australia, which continues to feel the effects of the pandemic and all of its restrictions.
Fred did state that this offer can only be availed once and that the BTC will not be repeatedly distributed to anyone that has already been vaccinated. Unsurprisingly, he has made it a requirement to first download and use the Finder app in order to get the Bitcoin, and proof of vaccination will also have to be shown. In order for his plan to fully work, Fred would thus need to distribute approximately half of his enormous $155 million fortune. There has naturally been a lot of criticism made towards Fred regarding his plan. However, he truly believes that BTC will continue to increase exponentially in price and will reach $225,000 latest by 2025 (although this remains to be seen as cryptocurrencies are often volatile and no increase can be completely guaranteed).
A different situation in Italy
Although Fred has taken the initiative to do his part in the fight against COVID-19, there have simultaneously been plenty of scammers present in Italy who have all given fraudulent corona-virus passes in exchange for crypto.
The Italian police and law enforcement agencies have since accordingly prevented such groups from being able to conduct operations on Telegram. The details of what kind of digital assets were being accepted by the scammers have not been disclosed as of yet. However, it was possible for the Italian citizens to purchase the fake passes for up to $588.
Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.
