From the crypto crash, the FTX collapse and the arrest of Sam Bankman-Fried, what does it all mean for the future of crypto? Is this the beginning of the end? 14 years after the Satoshi Nakamoto white paper, has crypto lived up to its initial promise? Or does it now resemble the traditional banking industry?
-
- 1
Francisco Gimeno - BC Analyst Is crypto in need of correction or it's a Ponzi scheme? A clash of narratives. But we deeply believe crypto is in crisis only because as it has happened with other new movements in the financial world, scammers and fraudsters, plus many naive entrepreneurs, took the opportunity to get as much profit as possible in any way using the first idealistic start of crypto. What does have to change now? Not to forbid crypto, but to regulate it to allow those with a good use case and foundations to thrive and those led by scammers and fraudsters dissapear, together with those who benefit from Pump and Dump techniques, and those building crypto based on emptiness. And that is the end of the story. A crypto.2 has to appear. Otherwise those against crypto will win.