Bitcoin will survive failure of ‘any giant’ in crypto, Samson Mow says

Nov 23,2022
KingData News: The collapse of FTX has triggered a notable drop in the price of Bitcoin, but that in no case means that BTC can be destroyed by failing cryptocurrency firms, according to Bitcoin proponent Samson Mow. Addressing the question of whether Bitcoin would survive a hypothetical event where crypto giants like Tether or Binance collapse, Mow expressed confidence that Bitcoin is designed to defeat any issue, stating:“Bitcoin will overcome any issue simply due to its design and the irrefutable need for sound money in human civilization. The failure of any giant would only be a temporary setback, just as Mt. Gox’s impact is no longer of relevance.”
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