Did FTX Set Back Crypto Mainstream Adoption 2 Years?
I feel like a lot of people have been talking about how FTX set crypto adoption back at least 2 years.
It's crazy to think about how far this industry has come in the past 8 years since I got involved with Bitcoin. Things have changed drastically and many are for the better.
One thing that you can guarantee in any tech field where you combine promising dreams and big money is that bad actors will arise.
In this clip, Mitch and I talk about crypto conferences, the lack of crypto ads in this year's superbowl and if things like FTX really set the adoption of crypto back by a few years:
- The Cryptocurrency market is getting so big that single people are organizing conferences and stamping their names on them, that's how profitable it is right now to be in crypto
- Last year there were many Crypto Ads during the superbowl, this year there weren't any. This is not because of the bear market but because they were banned after the FTX debacle. But even if they weren't, the bear market would've played a part here.
- Impact of one person and one company in the whole crypto space, FTX set back the adoption of crypto for at least 2 years, probably more.
- Is this the time to stack?
- Anthony Pompliano is hosting a conference in Florida On March 4th, Cody Sanchez is going to be there which appeals to Cat and I.
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▶️ 3Speak
I dont think so, we humans forget fast, I dont buy the entire regulation fugazi, the less regulations also means SEC can do whatever they want, bend the rules so the FTX scam will be thing of the past once next bull run kicks in from what I have read US has been working on regulation since 2017 its been six years, lets say they took it serious in 2020 its been three years and things are still a grey area for the most part, thx for threads btw ✌️
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BUSD is losing market cap fast. At the current rate, it will die in less than six months. What is your plan regarding the BHBD-BUSD pool on CubFinance? Are you planning to replace BUSD with some other stablecoin?
I think crypto already have got mainstream adoption, I don't think anything left
Crypto is still a mystery and there is no way to solve it. This is luck, but there are no rules to calculate it. That's why I choose getting over it to find another less complicated entertainment.