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Cryptoknowmics
2022-11-14 13:40:25

El Salvador President Claims That FTX Is Antithesis of Bitcoin

El Salvador President Claims That FTX Is Antithesis of Bitcoin

Nayib Bukele, the El Salvador president and a well-known Bitcoin maximalist, appeared on Twitter to passionately highlight the significance of Bitcoin amid the continuing volatility in the cryptocurrency market. He wrote that the defunct cryptocurrency exchange FTX is different from Bitcoin. He brought up how completely different the business models of FTX and Bitcoin are because of FTX’s lack of transparency and unethical management of customers’ cash. FTX is the opposite of #Bitcoin #Bitcoin ’s protocol was created precisely to prevent Ponzi schemes, bank runs, Enron’s, WorldCom’s, Bernie Madoff’s, Sam Bankman-Fried’s… …bailouts and wealth reassignments. Some understand it, some not The post El Salvador President Claims That FTX Is Antithesis of Bitcoin appeared first on Cryptoknowmics-Crypto News and Media Platform .

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