FTX CEO sees no future in Bitcoin funds, neighborhood fires relieve

FTX CEO sees no future in Bitcoin funds, neighborhood fires relieve

FTX CEO sees no future in Bitcoin funds, neighborhood fires relieve

Sam Bankman-Fried, the founder of crypto alternate FTX, has criticized the effectivity of Bitcoin (BTC) as a fee network, only to meet heavy backlash from the crypto neighborhood.

Within the future of an interview with the Monetary Times, Bankman-Fried fueled environmental considerations related to the Bitcoin network’s mining consensus, proof-of-work (PoW), and claimed it’s no longer scalable adequate to accommodate thousands and thousands of transactions.

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