These collapses, which showed the possibility of fading billions of dollars in hours, re -warned previous warnings launched by some of the most important veteran businessmen, who expressed their hatred of encrypted currencies, and among the most prominent of these billionaire Warren Buffett and the founder of Microsoft, Bill Gates, who cautioned that currency assets are The encrypted is exaggerated in its evaluation, and it contains a lot of forgery.
Did it show after all these events that the hatred of cryptocurrencies were right?
Digital currencies, Rudi Shoshani, said in an interview with “Sky News Arabia Economy”, that it cannot be said that the individuals who expressed their doubts about the idea of investing in encrypted currencies are not right, indicating that these people talk about a reality that happens, which is not possible Denial, given the manipulation we are witnessing in the encrypted currency market.
But Shoshani mentioned that the cryptocurrency market witnessed major collapses over the previous years, especially in 2014 when investors lost billions of dollars, stressing that the market was able each time to re -correct itself, and regained its balance bypassing difficulties and collapses, expected that this matter will be repeated now and therefore therefore It should not be generalized the idea that investing in cryptocurrencies is a matter of all.
For his part, the financial market analyst at CFI, George Khoury, says in an interview with the “Sky News Arabia Economy” website, that the main problem that those who reject encrypted currencies as an investment complain is the method of its work in the market, which is far from the rules and regulatory laws, which makes the situation open to All possibilities.
According to Khoury, the story of the collapses started this year with the Terra Luna and Terra operations, to now reach the FTX platform, which is one of the largest encrypted currency companies, indicating that the crisis that arose with FTX is caused by the inability to cover the withdrawal requests from investors, who want Extract some of their profits as liquidity.
Khoury pointed out that the repetition of the problem of “lack of liquidity” and “fluctuations in prices” actually raises concerns between investors and pushes them to exit from encrypted currencies, indicating that the legislation is the good thing is the encrypted currencies, where the solution is to pass global laws and legislations, imposed on any Cracks matching the organizational rules before offering them to circulation, which limits the possibility of repeating what is happening now, and protects the currencies from landing to zero rates.
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