The FTX Collapse Highlights Why We Need Bitcoin. BTC Bitcoin SBF_FTX FTX
For years, Bitcoin experts have been sharing warnings about the risks of cryptocurrency exchanges. The crypto landscape is notoriously fast-paced, with new exchanges and assets constantly emerging.
Even for those with advanced knowledge who have conducted extensive research, it can be hard to know which projects are trustworthy and which are scams.
Crypto exchanges that have been outright scams have been seen numerous times in the past, and users should be wary of any situation in which their Bitcoin is under custody by others.
FTX's historic collapse puts a spotlight on Bitcoin's fundamental decentralization, security, and transparency, which makes it stand out in the chaotic, evolving cryptocurrency landscape. BTC Bitcoin
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Asic Jungle - The FTX Collapse Highlights Why We Need Bitcoin | Asic MagazineThis post is based on this twitter thread.