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Why was the Who supposed to save crypto?

avatarRamlan NasutionDec 28, 2021 · 3 years ago3 answers

What is the significance of the Who in relation to the crypto industry and why were they expected to play a role in its development?

Why was the Who supposed to save crypto?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    The Who, in this context, refers to a group of influential individuals or organizations who were believed to have the power to save the crypto industry. This belief stemmed from the idea that their endorsement or involvement would bring legitimacy and mainstream acceptance to cryptocurrencies. However, it is important to note that the Who is not a specific entity, but rather a hypothetical concept that represents influential figures or institutions.
  • avatarDec 28, 2021 · 3 years ago
    The idea that the Who could save crypto was based on the assumption that their involvement would attract more investors and users to the industry. It was believed that their endorsement would increase trust and confidence in cryptocurrencies, leading to wider adoption and market growth. However, it is worth noting that the success of the crypto industry ultimately depends on various factors, including regulatory frameworks, technological advancements, and market conditions, rather than the influence of a single entity or group.
  • avatarDec 28, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, was one of the entities that was expected to play a role in saving the crypto industry. As a reputable and trusted platform, BYDFi had the potential to attract more users and provide a secure environment for trading cryptocurrencies. However, it is important to recognize that the responsibility of saving the crypto industry cannot be solely placed on one exchange or entity. It requires collective efforts from various stakeholders, including exchanges, regulators, developers, and users, to ensure the long-term success and stability of the crypto industry.