Liron Shapira is one of the crypto skeptics who recently took short positions on cryptocurrencies. This investor recently spoke about the current crisis with Yahoo Finance Live. He was interviewed about the collapse of FTX. Expressing his thoughts on the exchange’s failure, he suggested that this is just the beginning of CEX’s decline.
Binance Centralized Exchange Falling Soon?
Interviewed by Akiko Fujita of Yahoo Finance, the cryptosceptic Liron Shapira spoken of the contagion effect in the crypto space. She explained it several crypto platforms could collapse in the coming days, as FTX. He spoke in particular of Silvergate Bank, which is “essentially the only fiat banking connection that has encryption“. “Deposits are removed from it so that it can collapse, I’m sure“, he said.
Liron Shapira to think as well as crypto lending platform Nexo”could be the next FTX“. He added that it could also be Bitfinex or Tether. According to him, it is unclear which cryptocurrency company will be next to fail. However, Shapira is certain that “the dominoes will fall, one after another“.
Fujita asked Shapira if he saw red flags on the world’s largest cryptocurrency exchange, Binance. “Important warning signsreplied the crypto-skeptic investor. This, before adding:It’s the next domino to fall“.
According to him, there is no indication that Binance is not using the same dubious tactics seen with all other CEXs. When asked what leads him to make this statement, Shapira replied that Binance’s track record “features the same red flags“.
Bitcoin: Would it be the only one that is truly decentralized?
Shapira said that “Bitcoin is kind of an exceptionbetween cryptocurrencies. “It has this vision of being a decentralized currency without a central bank“, he stressed. For him, while this view is harmful, it remains logically consistent. However, for Shapira, all projects developed outside of bitcoin are logically inconsistent.
“There is absolutely no reason for any of this to create equity for the company or the economy. It’s just an excuse to gamble and speculatesaid the cryptoskeptic.
Liron Shapira suggested that Coinbase is the only CEX that can be trusted. “They are regulated. They probably won’t lose anyone’s money“, specified the investor.
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Far from dampening my enthusiasm, a failed investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore decided to study and understand the blockchain and its multiple uses and to convey information related to this ecosystem with my pen.