Bitcoin remains the dominant cryptocurrency and stands apart from other coins and tokens currently available in the market.
Jack Mollers, CEO of Strike, a company that allows users to buy and sell bitcoin, said that bitcoin is different from other cryptocurrencies. He mentioned this during a recent interview with cnbc,
when asked about the recent ftx collapse and whether his company had exposure to crypto exchanges, Mollers said;
“No. Strike, I and Bitcoin at large have nothing to do with Sam Bankman-Fried (SBF) and FTX. This is nothing but an absolutely despicable and reprehensible crime, just like someone from my home drives a car down the street. It also has nothing to do with bitcoin. However, one important thing to note is that the world is finally starting to realize that there is bitcoin, and then there is everything else.
Muller pointed out that many have taken advantage of bitcoin’s innovation to develop other coins such as Orange Coin, Pink Coin and FTX. According to Moller, most of these coins are used for crimes and have nothing to do with bitcoin.
Muller said that there is a need to stop using blockchain technology to create other cryptocurrencies and to scam people. He highlighted that the collapse of FTX is a costly lesson that shows that there is bitcoin and there is everything else. he said;
“It doesn’t surprise me that FTX has zero bitcoin. Because if you want to commit crimes and fraud, you don’t use bitcoin.”
Muller said that although the collapse of FTX affected the broader cryptocurrency market, it is a good thing that it happened. The bad actors in the crypto space need to be weeded out, and it is best that FTX is removed from the cryptocurrency market.
Bitcoin It declined by more than 1% in the last 24-hours and is currently trading above the $16,500 mark.