FTX Collapse Did Not Kill Bitcoin – Bitcoin Journal

That is an opinion editorial by Pierre Rochard, the Vice President of Analysis at Riot.

Ben Sixsmith has revealed a considerate piece in The Spectator entitled “Saying Goodbye To The Crypto Nerd Utopia,” offering an out of doors perspective on the disaster going through the broader crypto financial system.

Whereas there’s loads I agree and disagree with in his piece, I’ll concentrate on the first line of reasoning: Bitcoin is certainly one of many cryptocurrencies, cryptocurrencies don’t have any intrinsic worth, and cryptocurrencies are speculatively traded on exchanges like FTX; subsequently, the scandalous collapse of FTX reveals that Bitcoin is not any higher than the established order.

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