Coinbase co-founder’s Venezuela oil bet could ripple into crypto

Crypto Insight Summary: Fred Ehrsam, who was a co-founder of Coinbase and is still a member of the board of Coinbase, has spent long months of his life living in one of the hotels of Caracas while dealing with the oil business in Venezuela. Ehrsam’s investment vehicle, called Primavera, has recently signed a production-sharing contract with PDVSA, which... Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Coinbase co-founder's oil venture is unrelated to crypto markets.