Max Bit: The Inevitable End of Bitcoins Story

«I can’t predict what will trigger a black swan event. It could be a breach in the code or Bitcoin falling into institutional hands. There are numerous possibilities. […] Something more user-friendly and understandable for the majority may emerge. Today’s Bitcoin is [the exact opposite of that],» he remarked.

The speaker identified the emergence of ASICs—specialized hardware for mining the first cryptocurrency—as the primary failure of the crypto industry. He also expressed concerns about four trends in the market:

He views Ethereum as a centralized project and describes Vitalik Buterin as a person who stands out from the crowd.

«He is unique, much like Musk and Durov. They are exceptional not merely because they possess wealth. There’s an autistic spectrum, a level of it they each embody. And they demonstrate a level of genius, which is quite evident,» he stated.

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