An active advocate of cryptocurrencies for several years, the CEO of the FTX exchange has said, once again, what he thinks about digital assets. During a recent interview, he said that bitcoin (BTC) is more valuable than gold. According to him, the king of cryptocurrencies “much cleaner and easier access, with a complete and verifiable transaction history”.
The reasons for the superiority of cryptocurrencies
Billionaire and cryptocurrency holder Sam Bankman-Fried, CEO of FTX, revealed on a podcast why he thinks cryptocurrencies in general are much more valuable than gold. After highlighting the fact that bitcoin (BTC). more readily available than goldhe presented the ease of transactions as another advantage.
On Point Forward with NBA star Andre Iguodala, Sam Bankman-Fried argued that the “Blockchain is cool”. For good reason, it allows access to “an entire network that anyone can access and open an account that anyone can access”.
There is another reason why bitcoin (BTC) and other cryptocurrencies are different and better than gold. “Assets can be send at a lower costcompletely online, at the click of a button”, notes the CEO of FTX. He also admitted that such transactions are present complete and true history. According to him, blockchain is “the perfect payment network”.
Finally, according to the professional, blockchain technology has the specificity transparent, clear and give as much detail as possible about important information. In this, it offers a high level of security.
For Sam Bankman-Fried, the creator of the cryptocurrency exchange FTX, there are several reasons why cryptocurrencies and blockchain are much more important than gold. For example, for the blockchain, he noted that this technology has the characteristic of being secure, reliable and trustworthy. However, even if this presentation is true, it should not be forgotten that the blockchain can also be vulnerable, especially to hacker attacks.
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