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The president of coinspaid thinks that terra and ftx crashes have shown that the crypto industry is not completely established.
Max Krupyshev says he believes in cryptography as the new Internet.
The adoption rate could be slower.
The crypto industry has not fully established
Max Krupyshev, the CEO of CoinsPaid, revealed in a recent interview, that he doesn’t think the cryptocurrency industry has fully established.
According to Krupyshev, the crashes of FTX and Terra indicated that the market has not been established to the level most people thought. According to krupyshev, the ftx and terra accidents indicated that the market was not set at the level that most people thought. According to Krupyshev, the FTX and Terra Falls reported that the market was not set at the level that most people thought.
He added that the rally experienced in 2020 and 2021 could mostly be attributed to the pandemic and the negative interest rates put in place by central banks around the world. 'and I think one of the reasons crypto got a lot of money going into the ecosystem was negative interest rates, that they simply didn't want to invest in bonds or anything else. They didn't just want to put money in the bank, because when it comes to inflation and negative interest rates, it doesn't really work. You don't really, you really don't have anything extra, you just see how your $100 becomes less than purchasing power, even though the same amount of dollars. And people are still trying to make a few extra bucks. And people are still trying to make a few extra bucks.
Cryptography thus appeared to be a good investment opportunity.
Crypto is the new internet
Krupyshev believes that cryptocurrency is the new internet. Crypto is the new internetkrupyshev considers cryptocurrency to be the new Internet. He stated that;
“Exactly. He declared that precisely. It has taken many years, really to get the Internet out to the homes. It has taken many years, really to get the Internet out to the homes. I mean, what I'm seeing now, as in crypto space and the I didn't know that the industry now has as many names. So I mean, what I'm seeing right now, like in the crypto space and the I didn't know the industry now has so many names.
This is Web3, his Blockchain, Crypto Space. Since FTX’s collapse, several cryptocurrency exchanges, including Binance, have published their proof of reserve.
Since the collapse of ftx, a number of cryptocurrency exchanges, including binance, have released their proof of reservation. He concluded that;
“I think this would be a lot about the transparency for the cryptocurrency companies, right? He concluded that I think it would be much on transparency for cryptocurrency companies, no? Any centralized platform is now going to have to prove to people in the community that they know what they're doing. Is that correct? Any centralized platform is now going to have to prove to people in the community that they know what they're doing. Is that correct?
