Why I Still Believe in Bitcoin

Why I Still Believe in Bitcoin

One more day, you might say. 

The difference, this time around, is that it’s an influential player, perhaps the most important in recent months, who is down. FTX, the cryptocurrency buying-and-selling exchange, has fallen. It was worth $32 billion in February. Its CEO Sam Bankman-Fried, 30, was viewed as a crypto messiah.

But the whole house of cards has come crashing down.

Thousands of investors lost their savings. It goes beyond losses that will affect people’s lives. Let’s not forget the mental illnesses that this disaster may trigger: depression that could even lead to suicide.

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