It's looks like in every bear season crypto always gets a bad occurrence to be called a scam, this is why I still look at the whole bad situations that's happening as a planned attack, I am talking about FTX and co.
The Politicians will try to ruin crypto and force KYC on every clean and unclean exchanges out there, this is a good opportunity for them to promote CBDC too because of this FTX fraud but I am here to tell you that FTX and Crypto are not the same things, FTX is a private company that did many bad things behind the curtain and Cryptocurrency is the most fascinating technology that humanity has ever emerge with.
Don't get it confused.
I think it is already established that FTX is an exchange and FTT is their token which is considered a cryptocurrency. A person won't get it mistaken unless is intentionally fed to get wrong information. Besides, it is already a known fact that the government especially those who are anti-Bitcoin will put blame or relate the incident to the Bitcoin industry whatever fault the centralized cryptocurrency company had done to remove the masses' trust in Bitcoin.
We have already seen similar cases like this and I think people are not that naive, especially those who have enough knowledge on cryptocurrency to believe every anti-Bticoin group statement.
And it seems awkward if you are among those who hate crypto but you will still create a crypto business and try hard to grow it big. Aren't those people not tempted on what they currently earn, on why they are still planning to collapse it and go back to zero? I think that's a dumb move. not only that but they can also get jailed or killed with that.
hate and business are two different things. People are forced to do what they don't want to do because there is money on the job. The same goes for business. Even if they don't like cryptocurrency, the successful businessman is more on the rationality side than emotional so they will create a business that they think will give them huge amount of profit even though they don't like it. They don't need to oversee it themselves, they can hire competent people to make the business boom. And getting profit while hating it is way better than just hating it.
