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Bitcoin stays the dominant cryptocurrency and differs from the other cash and tokens presently accessible available in the market.

Jack Mallers, the CEO of Strike, an organization that permits customers to purchase and promote Bitcoin, stated Bitcoin differs from other cryptocurrencies. He talked about this throughout a latest interview with CNBC.

When requested in regards to the latest FTX collapse and whether or not his firm had publicity within the crypto trade, Mallers stated;

“No. Strike, myself, and Bitcoin at large have nothing to do with Sam Bankman-Fried (SBF) and FTX. It is nothing other than an absolutely disgusting and malicious crime, in the same way, that someone a car down the street from my house. It has nothing to do with Bitcoin, either. However, an important point to note is that the world is finally starting to realise that there is Bitcoin, and then there is everything else.”

Maller identified that many individuals have taken benefit of Bitcoin’s innovation to develop other cash like Orange Coin, Pink Coin, and FTX. According to Maller, most of those cash are used for crimes and don’t have anything to do with Bitcoin.

The use of blockchain expertise to create other cryptocurrencies and use them to rip-off folks have to cease, Maller added. He highlighted that FTX’s collapse is an costly lesson that exhibits that there’s Bitcoin and there may be all the pieces else. He stated;

“It doesn’t surprise me that FTX owned zero Bitcoin. Because if you want to commit crime and fraud, you don’t use Bitcoin.”

Maller added that though FTX’s collapse affected the broader cryptocurrency market, it’s a good factor that it occurred. The unhealthy actors within the crypto area must be washed out, and it’s best that FTX is eradicated from the cryptocurrency market. 

Bitcoin is down by greater than 1% within the final 24 hours and is presently buying and selling above the $16,500 mark.