Liron Shapira is a cryptocurrency skeptic who has been taking short positions in cryptocurrencies for some time now. This investor recently spoke about the current crisis with Yahoo Finance Live. Interviewed about the collapse of FTX. After laying out his thoughts on the failure of the stock exchange, he notes that this is just the beginning of the decline of CEX.
Soon the fall of the Binance Central Exchange?
Interviewed by Akiko Fujita of Yahoo Finance, W crypto skeptic Liron Shapira speak From the effect of infection in the encrypted space. Explain that Many crypto platforms can go down In the next few days, as FTX. He spoke specifically of Silvergate Bank, which is “Essentially it is the only connection to a fiat bank that crypto has.”I’m sure to remove deposits from it until it breaks down“, He said.
Liron Shapira Think In addition to Nexo’s cryptocurrency lending platformIt could be the next FTXHe added that it could also be Bitfinex or Tether. According to him, it is unclear which crypto company will be the next to go bankrupt. However, Shapira is sure that “Dominoes will fall one after another“.
Fujita asked Shapira if he saw Red flags on the world’s largest crypto exchange, Binance. “Important red flagsThe skeptical crypto investor responded. This is before adding:It’s the next domino to fall“.
According to him, there is no indication that Binance is not using the same questionable tactics seen with all other CEXs. When asked what prompted him to make this statement, Shapira replied that Binance’s record “Displays the same red flags“.
Bitcoin: Will it be the only truly decentralized one?
Shapira saidBitcoin is kind of an exceptionamong cryptocurrencies. “It has this vision of being a decentralized currency without a central bankFor him, even if this vision is harmful, it remains logically coherent. However, for Shapira, All projects developed outside of Bitcoin are logically inconsistent.
“There is absolutely no reason for any of this to create net worth for society or the economy. It’s just an excuse to gamble and speculateDoubtful confirmed.
Liron Shapira has suggested that Coinbase is the only CEX one can trust. “are organized. They probably won’t lose anyone’s moneySelect the investor.
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Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only fueled my enthusiasm. So I resolved to study and understand the blockchain and its many uses and pass on my pen information related to this ecosystem.