Samson Mow, a Bitcoin advocate, has expressed discontent with politicians’ increasing support for cryptocurrencies. Mow notes that this is a short-term shift that could pose future problems if Bitcoin’s essence is blurred with the rest of the cryptocurrencies.
Samson Mow’s Concerns on Pro-Crypto Shift
In an X (formerly Twitter) thread, Samson Mow, has been skeptical of what it means when politicians start to take friendly stances towards cryptocurrency. He stated that without proper adherence to the principles of Bitcoin, the current political support could lead to more financial disasters similar to FTX, Luna, and Genesis.
I’m not bullish on politicians becoming pro “crypto.” It may feel nice given the prior hostile anti-crypto stances, but long term it’s bad for #Bitcoin. Without a strong Bitcoin ethos, this shift only paves the way for the next FTX/Luna/Genesis, & once again, we will pay for it. https://t.co/bXd9ymjkZY
— Samson Mow (@Excellion) May 25, 2024
Mo
We współpracy z: https://coingape.com/samson-mow-warns-against-politicians-pro-crypto-shift/
