Ethereum is a 'con', will eventually 'blow up' like FTX as Bitcoin becomes primary global form of money

Ethereum FTX Bitcoin Cryptocurrencies Ethereum is a 'con', will eventually 'blow up' like FTX as Bitcoin becomes primary global form of money

- In the long-run, Bitcoin will become the world's primary form of money, replacing the U.S. dollar and other fiat currencies, and beating out altcoins, according to Cory Klippsten, CEO and Founder of Swan Bitcoin.

"Someone can issue and control the money supply of these altcoins, and change the code whenever they want," he stated."It's something very different from Bitcoin, which is decentralized and immutable and has no owner… None of these altcoins can become money." "We Bitcoiners are totally happy to take short-term price upsets and have Bitcoin on sale… if it helps wash out some of these scam business models and some of these unsavory characters around Bitcoin," he said."We call it Orange Washing."

"I think you'll see the Fed loosening and we'll get through and wash out everything that has gone on with tech stock speculation and over-leverage in the system," he said."If we can kick the can down the road again, it seems like at some point there will be another bull market in all assets globally… it seems like [Bitcoin] will just be along for the ride.

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