Crypto-Follow logo Crypto-Follow logo
CoinGape 2022-05-16 05:22:38

FTX Chief Sam Bankman-Fried thinks Bitcoin Has No Future As A Payments System

Satoshi Nakamoto created Bitcoin (BTC) to serve as a decentralized alternative to the traditional financial system. But FTX CEO Sam Bankman-Fried recently said that he doesn’t see any future for Bitcoin as a payments network. Speaking to Financial Times, the FTX chief said that his thoughts rely on the Bitcoin network’s “inefficiency and high environmental The post FTX Chief Sam Bankman-Fried thinks Bitcoin Has No Future As A Payments System appeared first on CoinGape.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer