Elon Musk predicted a long cryptowinter for bitcoin
Meanwhile, the coin's exchange rate approached the $17,000 mark.The value of bitcoin exceeded $16.9 thousand, as of 14:35 NY, it fluctuates around $16.8 thousand, according to CoinGecko. The daily rate increase is 1%.
In addition to the head of Tesla and SpaceX, the president of El Salvador, Nayib Bukele spoke in support of the first cryptocurrency. According to him, the crashing FTX is the opposite of bitcoin. Bukele pointed out that the protocol of the leading cryptocurrency was created precisely to prevent "Ponzi schemes" and similar bankruptcies, including those such as the Sam Bankman-Fried collapse.
The fact that FTX exchange treated its clients' funds unfairly was noticed earlier by the head of Binance, when he announced his refusal to buy the troubled platform. Later it became known that at least $1 billion of FTX clients funds sent to Alameda had disappeared.
11.14.22 By Robert Strickland
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