Is Bitcoin the only crypto that will survive FTX? | Interview with Bitcoin maximalist

The downfall of FTX and a fig of different CeFi platforms successful 2022 has reinforced a Bitcoin maximalist narrative, according to which astir of the crypto ecosystem volition yet illness owed to its centralization. 

 Jeff Booth, Bitcoin proponent and writer of "The Price of Tomorrow", believes centralized crypto platforms specified arsenic FTX and Celsius person ended up replicating the accepted fiscal strategy with each its inherent flaws.

"All of crypto is trying to rebuild a fiscal strategy that we already person based connected manipulation and centralization," said Booth, successful an exclusive interrogation with Cointelegraph.

Even Defi platforms, which question to supply a peer-to-peer, trustless alternate to accepted fiscal services, are bound to fail, according to Booth, since they are being built connected protocols that person sacrificed decentralization and information successful bid to boost scalability.

To Booth, Bitcoin  is the lone crypto that remains decentralized and unafraid capable for being the basal furniture of the aboriginal fiscal system. 

"The full crypto ecosystem is going to spell to zero too Bitcoin", Booth said. 

To find retired much astir wherefore Bitcoin whitethorn outlive the remainder of the crypto ecosystem, cheque retired the afloat interview connected our YouTube channel, and don’t hide to subscribe!