Is Bitcoin the only crypto that will survive FTX? | Interview with Bitcoin maximalist
The downfall of FTX and a lot of different CeFi platforms in 2022 has strengthened a Bitcoin maximalist narrative, in accordance with which many of the crypto ecosystem will ultimately collapse because of its centralization.
Jeff Sales space, Bitcoin proponent and writer of “The Value of Tomorrow”, believes centralized crypto platforms equivalent to FTX and Celsius have ended up replicating the normal monetary system with all its inherent flaws.
“All of crypto is attempting to rebuild a monetary system that we have already got primarily based on manipulation and centralization,” mentioned Sales space, in an unique interview with Cointelegraph.
Even Defi platforms, which search to supply a peer-to-peer, trustless different to conventional monetary companies, are sure to fail, in accordance with Sales space, since they’re being constructed on protocols which have sacrificed decentralization and safety in an effort to increase scalability.
To Sales space, Bitcoin is the one crypto that continues to be decentralized and safe sufficient for being the bottom layer of the long run monetary system.
“Your complete crypto ecosystem goes to go to zero in addition to Bitcoin”, Sales space mentioned.
To search out out extra about why Bitcoin could outlive the remainder of the crypto ecosystem, try the full interview on our YouTube channel, and don’t neglect to subscribe!
