JP Morgan equity analyst Steven Alexopoulos shared his thoughts on the fall of the cryptocurrency giant, FTX, and its cascading effect on the whole industry.
`Moreover, while the news of the collapse of FTX is empowering crypto skeptics, we would point out that all the recent collapses in the crypto ecosystem have been from centralized players and not from decentralized protocols.`
The fact that JP Morgan addressed the recent cryptocurrency collapses have not been from decentralized protocols but from centralized players should motivate the world to go in the direction of accepting decentralized protocols. I think this shows a bright future for all who support the way of blockchain-thinking.
Author: Crypto Shoks