Bitcoin Deep Pocket Investors Wants An Out From Crypto Post FTX Crash

With the crash of FTX which has simply put that centralized exchanges needs to be regulated, for the safety of investors and their investment. We all know that the king crypto bitcoin has ties with other alternative digital assets, which a bullish movement by the primary digital asset would run off positively on other alternative assets and the crypto market in general.

source

Micheal Saylor finally speaks on the crash of the FTX, which he says that bitcoin holders want out of cryptocurrency. He continued by saying in the interview that the crash has exposes the weakness of centralized exchanges in the crypto space.

“I think [FTX’s collapse] highlights the virtues of Bitcoin as much as it exposes the fragility of the crypto ecosystem. Bitcoin’s a commodity you can self custody without an issuer. The vast majority of all the crypto tokens out there are unregistered securities trading on unregulated exchanges, and they’re fairly centralized. And so what could go wrong? Well, we saw what could go wrong if a centralized token trading on an unregistered exchange blows up this week. I think that the Bitcoiners have been predicting this for a long time. Speaking for all the Bitcoiners, we feel like we’re trapped in a dysfunctional relationship with crypto and we want out.”

If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral link

Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.

Let’s also connect on some of the web2 platform.
Twitter:Hironakamura

Posted Using LeoFinance ^Beta