π Breaking News: The SEC has just greenlit 11 Bitcoin spot ETFs, marking a monumental day for cryptocurrency! This approval is a game-changer, opening the floodgates for mainstream investment and signaling a new era of legitimacy for Bitcoin. #BitcoinETF#CryptoRevolution ππ°
JPMorgan: "while the news of the collapse of FTX is empowering crypto skeptics, we would point out that all of the recent collapses in the crypto ecosystem have been from centralized players and not from decentralized protocols."
Two big lessons:
1: Never use a token you created as collateral.
2: Donβt borrow if you run a crypto business. Don't use capital "efficiently". Have a large reserve.
Binance has never used BNB for collateral, and we have never taken on debt.
Stay #SAFU.π
So the way that we see it is that in the next maybe 5 to 10 years, there won't be anything physical that doesn't have a virtual component. @PicoVelasquez of VIIRA at #nationalcryptomonth22 by @mydigitalmoney_ and @rayco_media