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Watch: Can platforms with weak business models survive crypto contagion? (youtube.com)
2,057 views Jul 15, 2022 CNBC's Mackenzie Sigalos joins 'Power Lunch' to discuss the state of cryptocurrencies. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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    • 1
    Francisco Gimeno - BC Analyst Crypto platforms are a mix of new tech, new legal issues and the old business practices under the existent business laws. We have seen what happens to those who either have not strong token models, or good business strategies even when the token model was good. In fact it reflects a lot that many don't even read documents when investing in this and that crypto platform, and only when the worse has happened they start discussing how they didn't know how weak the platform was until they read all documentation and saw the type of business model and everything around it, like legalities etc. Many good crypto ideas have even got huge funding (EOS anyone?), but even with everything in its favour the lack of real business models which define the product(s) make them to fail miserably.