FTX fraud highlights Bitcoin’s greatness, ‘Shitcoins’ not - Stafford Masie on Crypto Chaos

Posted on 11/23/2022

Our go-to guy on all things digital, Stafford Masie, believes the FTX collapse and associated contagion will once and for all highlight the vast difference between Bitcoin and its many imitators - so called ‘shitcoins’. In this fascinating interview with Alec Hogg of BizNews, he discusses FTX and its fraudster founder Sam Bankman-Fried, explains how the FTX collapse was inevitable and why what happened proves that in direct contrast to other crypto currencies, Bitcoin is ’a fundamental, technological gift to humanity that redefines value exchange on a global basis”. A Bitcoin maximalist, he reckons Cathie Wood’s updated forecast this week that Bitcoin’s price will hit $1m by 2030 “is conservative”. Sceptical? Keep an open mind, invest half an hour, and chances are you’ll change that opinion.