Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » FTX’s Sam Bankman-Fried – Institutions are Evincing Rising Interest in Crypto

FTX’s Sam Bankman-Fried – Institutions are Evincing Rising Interest in Crypto

Kelly Cromley by Kelly Cromley
Jun 18, 2021
in Bitcoin News, Market News, News
Reading Time: 2 mins read
0

As FTX and Alameda Research are becoming more well-known, one unforeseen consequence is that the deca-billionaire is gaining popularity. Some observers believed that SBF would become a type of professional advocate for the crypto environment, particularly after a substantial gift to Joe Biden’s presidential election campaign. While he claims he’s willing to talk about his beliefs, he’s not attempting to sell anybody a secondhand car:

“So I’m more than glad to act as a reference for anybody in government or anywhere who needs to speak about what the business is like […] see, they have a lot of individuals that come to them with intentions exactly here. I only want my objective to stem from my genuine views and beliefs, to the degree that I have one. So instead of trying to construct a line of argument that tends to match where I really want to go or anything like that, all I have to communicate about is my views and ideas.”

The rising quest toward institutional adoption is yet another heated issue of discussion. While Bankman-Fried claims that organizations are becoming progressively “desperate” to become engaged, he also claims that they aren’t always aware what that entails or what they’re trying to accomplish. As a consequence, the procedure might be a bit of a guessing game overall.

“Isn’t it true that the very first thing we do is just pay attention? We’re like, “Look, what are your objectives here?” What is it that you really want to do? Then we’ll be able to say, “OK, cool, here’s how the business operates currently.” I’m not paying attention to what you’ve said. Here’s what’s going on, and here’s the law of the land. […] We want to be a day away from finishing a major transaction.”

Finally, he commented on Ethereum’s and Solana’s layer one conflicts. While Ethereum maximalists refer to the developer and ecosystem fortresses, SBF questions how impregnable that bastion is. When it comes to true mass acceptance, it’s vital to distinguish between overcomeable roadblocks and more intractable roadblocks, such as scalability.

“This barrier is impassable if crypto never expands, I believe, which is one of the key conflicts here. However, if cryptocurrency doubles in size, the moat shrinks to 2% of the whole pie. Then there’s the question of why the barrier is important as a business. A moat is useful for keeping intruders out. Isn’t it true that a moat can’t develop on its own? It removes a specific obstacle to your growth, namely competition, but a moat isn’t growth in and of itself […] Maybe no one will ever enter your fortress if it can’t get any bigger, yet it already owns 2% of the land and won’t get much bigger. And there’s more.”

Previous Post

Bitcoin’s Hash Rate Hits the Lowest Level Since November 2020 as China Intensifies Crackdown on Miners

Next Post

Spanish Bank BBVA to Facilitate Bitcoin Trading & Custodial Service for Swiss Customers

Related Posts

coinbase partners with perplexity ai

Coinbase Taps Perplexity AI to Deliver Smart Crypto Insights

by Kelly Cromley
Jul 14, 2025
0

Coinbase has entered into a strategic collaboration with Perplexity AI to provide users with real-time cryptocurrency market data through artificial...

Hedera

Hedera Moves Closer to AI Mainstream with Intel and NVIDIA Support

by Kelly Cromley
Jul 14, 2025
0

Hedera, a decentralized public blockchain, appears to be stepping into the spotlight as a key enabler of artificial intelligence infrastructure,...

Kenya

Kenya Launches $KDT Token on Solana Blockchain to Drive Digital Inclusion

by Kelly Cromley
Jul 14, 2025
0

Kenya has taken a notable step toward embracing digital innovation through the public endorsement of a private sector-led initiative to...

imagen network

Imagen Integrates XRP for Faster Web3 Social Transactions

by Kelly Cromley
Jul 13, 2025
0

Imagen Network, a decentralized social platform driven by artificial intelligence, has introduced XRP-based liquidity modules across its multichain infrastructure. This...

endless partners with rei network

Endless and REI Network Join Forces to Simplify Web3 Development

by Kelly Cromley
Jul 13, 2025
0

Endless Protocol has announced a strategic partnership with REI Network, a lightweight blockchain infrastructure developed by GXChain Global. The collaboration...

Injective Blockchain Faces Backlash as INJS Minting Comes to Abrupt Halt

Injective Forms Power Council to Bridge Web2 and Web3

by Kelly Cromley
Jul 13, 2025
0

Injective has unveiled the Injective Council, a newly established strategic advisory group comprising senior representatives from major Fortune 500 firms...

Next Post
Spanish Bank BBVA to Facilitate Bitcoin Trading & Custodial Service for Swiss Customers

Spanish Bank BBVA to Facilitate Bitcoin Trading & Custodial Service for Swiss Customers

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Hyper Foundation Launched to Boost Hyperliquid Blockchain Development

    by Kelly Cromley
    Oct 15, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025

Recent News

coinbase partners with perplexity ai
Market News

Coinbase Taps Perplexity AI to Deliver Smart Crypto Insights

by Kelly Cromley
Jul 14, 2025
Hedera
Market News

Hedera Moves Closer to AI Mainstream with Intel and NVIDIA Support

by Kelly Cromley
Jul 14, 2025
Kenya
Market News

Kenya Launches $KDT Token on Solana Blockchain to Drive Digital Inclusion

by Kelly Cromley
Jul 14, 2025
imagen network
Market News

Imagen Integrates XRP for Faster Web3 Social Transactions

by Kelly Cromley
Jul 13, 2025
endless partners with rei network
Market News

Endless and REI Network Join Forces to Simplify Web3 Development

by Kelly Cromley
Jul 13, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree