Cease and Desist: Unmasking the Misrepresentation - An Open Letter from Jenny Q Ta to Benzinga News
Setting the Record Straight on Dogecoin Predictions, Cryptocurrency Evolution, and Clarifying My Name Amidst Misleading Reports
Latest Update from Benzinga - 12/11/23: Email screenshots at the bottom of this article.
A friend recently brought to my attention an article from Benzinga News published in April this year that has caught my attention. I am compelled to address the inaccuracies it contains. In response to the misrepresentation of my 2021 Dogecoin predictions, I've taken a proactive step by sending a cease and desist letter directly to Jason Raznick, CEO, and Neal Hamilton, Chief Publisher at Benzinga. The letter aims to set the record straight and requests that Benzinga refrains from publishing outdated articles that inaccurately use my name. Transparency is of utmost importance to me, and I believe it's crucial to express this through an open letter, sharing the details of this letter with you.
For a detailed account of the situation, you can read the full letter and its context below. A screenshot of the actual email is below.
==============================
Subject: Urgent: Cease and Desist - Immediate Action Required Regarding Unauthorized Use of My Name and Outdated Interview
Dear Mr. Jason Raznick, CEO, and Mr. Neal Hamilton, Chief Publisher,
I trust this correspondence finds you well. I am Jenny Q Ta, the GP/VC of Web3VCFunds.com, writing in connection with the article titled 'Could Dogecoin Reach $1 Trillion Market Cap? Wall Street Vet Sees Meme Coin Eventually Trading At Over $7,' authored by Adam Eckert and published on April 5, 2023, on Benzinga News.
The mentioned article contains outdated and misleading information stemming from a live interview on Benzinga's YouTube, conducted over two years ago on May 21, 2021. Additionally, I would like to inform you that CoinLinked.com, of which I was the founder and CEO, was acquired in August 2021, making the information no longer relevant.
I hereby demand, on my behalf, that Benzinga News and any of its affiliates cease and desist from utilizing my name, image, title, or any content from the aforementioned interview in connection with the article mentioned above. It is imperative that any references to me in this context be immediately expunged from your publication, both online and in any other medium henceforth.
Be advised that the persistent use of my name and the outdated interview to pump Dogecoin or for any other purpose may have severe legal implications, including but not limited to defamation, misrepresentation, and false attribution.
Moreover, the article in question fails to accurately represent my forecast methodology. It neglects to mention that I tweeted the $1 trillion market cap forecast on the same day of the live interview, summarizing that it was based on Cathie Wood's $500K call on Bitcoin and Mike Novogratz's $100K call on Bitcoin. During the live interview, I explicitly stated that if Bitcoin's ATH was $65K and Dogecoin was $0.75, and if either Cathie Wood or Mike Novogratz's predictions were accurate, then Dogecoin could attain the $1 target. You can review the tweet for reference here.
Despite this, the outdated forecast should NOT persist in distribution, creating the illusion of recent relevance when, in fact, it has been more than 2.5 years. The cryptocurrency landscape has evolved significantly. Elon Musk's association with Dogecoin, once referred to as the "Doge Father" during that period when he was actively tweeting about Dogecoin and even featured it in a skit on 'Saturday Night Live,' is no longer the case. Elon Musk hasn't tweeted about Dogecoin since acquiring X/Twitter, and my stance has similarly shifted.
Furthermore, my stance on this matter has transformed, as evidenced by my recent analysis of Bitcoin, published on my Substack on October 10, 2023 (Article here: Rethinking Bitcoin: Evolving Dynamics and Uncertainties Ahead of the Fourth Halving; Why the Fourth Halving Charts a Unique Course: DIFFERENT from the Second and Third Halvings). If I no longer hold the belief that Bitcoin could experience significant growth, it follows that my previous forecast for Dogecoin, made in a lighthearted context, is no longer valid.
In the realm of Crypto Twitter, I am known for NOT advocating the pumping of cryptocurrencies, both then and now. This recognition is especially noteworthy given my prior involvement in the Dogecoin community, during which I played an active role in safeguarding the community from numerous rug-pull projects associated with Dogecoin knockoffs.
I appreciate your prompt attention to this matter and insist that no other reporters from Benzinga repurpose this outdated news ever again. It is no longer relevant, and my beliefs regarding Dogecoin have changed.
Sincerely,
Jenny Ta
Latest Update from Benzinga - 12/11/23: Email screenshots
Thank you, Jenny, for speaking openly about this. Without your candor, readers might misconstrue it as aligning with your recent predictions.
Well done! These media outlets would've continued to use your interviews for their clicks.