‘Crash Potential’—Crypto Billionaire Issues Stark Warning As The Price Of Bitcoin And Ethereum Rebounds
— Ethereum, Crypto, Rebounds, Price, Billionaire, Potentialcrypto, Assets, Speculation, Bankmanfried, Real — 1 min read
Bitcoin, ethereum and other major cryptocurrencies have followed stocks higher this week after researchers reported bullish price data. The bitcoin price has climbed to over $21,000 per bitcoin, up from under $19,000 last week, while the ethereum price has topped $1,200 per ether. Crypto billionaire Sam Bankman-Fried has warned "a substantial fraction" of cryptocurrencies are "empty products" with "real crash potential" There are currently just over 20,000 separate cryptocurrencies listed on market tracking CoinMarketCap, with bitcoin and ethereum contributing the majority of the market's value. The latest bitcoin, e.thereum and crypto price crash has wiped around $2 trillion from the combined crypto market and caused turmoil for many crypto companies. Source