bitcoin
Bitcoin (BTC) $ 16,835.95
ethereum
Ethereum (ETH) $ 1,233.54
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 285.05
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.386396
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.096853
cardano
Cardano (ADA) $ 0.311527
solana
Solana (SOL) $ 13.52
matic-network
Polygon (MATIC) $ 0.895408
polkadot
Polkadot (DOT) $ 5.31
tron
TRON (TRX) $ 0.053546
bitcoin
Bitcoin (BTC) $ 16,835.95
ethereum
Ethereum (ETH) $ 1,233.54
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 285.05
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.386396
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.096853
cardano
Cardano (ADA) $ 0.311527
solana
Solana (SOL) $ 13.52
matic-network
Polygon (MATIC) $ 0.895408
polkadot
Polkadot (DOT) $ 5.31
tron
TRON (TRX) $ 0.053546
Thursday, December 8, 2022
HomeCryptocurrencyBen Armstrong Says ‘Crypto is Not Useless’, Helps With Proof

Ben Armstrong Says ‘Crypto is Not Useless’, Helps With Proof

The FTX disaster and the bottom ranges of Bitcoin buying and selling have led to the widespread perception that the crypto trade is useless. Prime YouTuber Ben Armstrong, higher often called Bitboy, mentioned that cryptocurrency shouldn’t be useless and won’t be, no matter what occurs subsequent.  In 2022, Bitcoin has dramatically decreased in worth from its all-time excessive of $69,000 reached in November 2021, having misplaced 76% of its worth in a single yr.

He makes use of the failure of Mt. Gox, one of many largest Bitcoin exchanges on the time, as proof, claiming that the market rebounded properly. The Mt. Gox trade crashed in February 2014 because of a serious 840,000 BTC hack. A record-breaking excessive of about $1,100 had been reached by Bitcoin only some months prior, and Mt. Gox accounted for almost all of transactions—about 90%—at the moment.

Ben Armstrong predicted the FTX crash?

Ben got here near predicting what would happen days prematurely, although, so you will need to word that. “In case you don’t shut your FTX account right this moment and get your funds off that trade ASAP, I’m sorry, however you’re the definition of low IQ and deserve what’s going to occur to you.” And two weeks later, after every part unraveled, FTX CEO Sam Bankman-Fried instructed his shoppers he was, quote, “actually sorry we ended up right here,” he had mentioned on Twitter. 

Armstrong particularly mentioned that Sam Bankman-Fried is urging lawmakers to move laws that may rigorously management the cryptocurrency trade. He additionally pledged to disclose many further wrongdoings dedicated by SBF.

Moreover, Bitboy asserted that FTX was making the most of its customers in late October when the trade’s API was abused. The blogger had already made disparaging remarks about each the trade and its chief, Bankman-Fried, earlier than the complete incident.

BitcoinMasterNews

See also  Extra Ache Forward for Crypto Market Says XRP Lawyer in Ripple vs SEC Lawsuit

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Explore More

Related Articles