Binance/Tether Collapse Could Be Catastrophic

futurewithcrypto.com

Crypto

Memecoin Dogecoin's co-creator - Billy Marcus - thinks that if Binance or Tether go down, it could be "pretty much game over."

Floral Separator

Image credit- google images

The American software engineer also noted that a growing number of people are realizing that too much centralization is a "great weakness".

Floral Separator

Image credit- google images

For anyone worrying about Binance and/or Tether collapsing, if either it's pretty much game over

Floral Separator

Image credit- google images

It's good that more of you are finally figuring out what this whole thing is about and how centralized stuff is a huge ol' weakness, but it was like that when you bought too

Floral Separator

Image credit- google images

The former CEO of Twitter - Jack Dorsey - was among those who agreed with Nakamoto's notion.

Floral Separator

Image credit- google images

He added that such a potential recession would undoubtedly be "game over for the Games

Floral Separator

Image credit- google images

Nevertheless, the creator of DOGE believes that the potential adverse event would not mean a "crypto dice" but would instead trigger a "Big Mega Mondo Market Crash".

Floral Separator

Image credit- google images

Nearly every disruption in the past, including the recent fiasco with FTX, has prompted severe market declines and panic among crypto participants.

Floral Separator

Image credit- google images

The uncertainty has even caused critics to declare bitcoin "dead".

Floral Separator

Image credit- google images

Despite having "died" over 460 times, the primary cryptocurrency is still around and continues to expand its presence around the world.

Floral Separator

Image credit- google images

futurewithcrypto.com

Learn Everything about Crypto