NYDIG Founder: Don’t Put Money In These Cryptocurrencies!

Investors and traders are on the alert after the FTX crash that rocked the cryptocurrency market. “Do not invest in non-Bitcoin cryptocurrencies,” says Ross Stevens of NYDIG. Stevens also says that NYDIG has always shunned opportunities to partner with FTX as well as Three Arrows, BlockFi, Celsius and the like.

Why didn’t NYDIG invest in FTX, 3A Capital or Celsius?

Koindeks.com The effects of the dramatic collapse of the crypto exchange FTX, which you follow on . Investors and traders’ distrust of stock markets creates significant problems for the market. In addition, major altcoins such as Solana are also affected, ‘Which cryptos to invest in?’ raises the question. NYDIG founder and Governing Council Leader Ross Stevens explains why his company has not invested in the now bankrupt cryptocurrency exchange FTX.

Life is too short to do anything but partner with people you love, trust, and would be fiercely proud to be in a trench with while bullets fly.

Ross Stevens wrote an article titled ‘Through the Looking Glass’ on the subject. He notes a series of red flags that have caused NYDIG to seize countless ‘opportunities’ over the years to ‘partner’ not just with FTX but also with failed platforms such as Three Arrows Capital, Celsius Network and others. From this point of view, Stevens underlines the following:

When you can’t satisfy yourself with easy answers to easy questions like “How do you make money”, don’t walk away, run.

“I do not recommend crypto money other than Bitcoin”

Stevens says NYDIG will remain a Bitcoin company. He advises his readers not to invest in crypto other than Bitcoin or in decentralized finance (DeFi) based on the Bitcoin Blockchain. In this context, Stevens makes the following statement:

Bitcoin cares as much as gravity, whether it’s former FTX CEO Sam Bankman-Fried or Binance CEO Changpeng Zhao, or me or you. A new Bitcoin block is generated every 10 minutes. Every 10 minutes. Every 10 minutes.

The FTX crash naturally had a significant impact on the leading crypto Bitcoin as well. Bitcoin, while gathering strength above $ 20 thousand, suddenly saw below $ 16 thousand. Although he recovered a little later, he has not made up for his losses now. Önder crypto was trading at $16,784 with a 3.17% loss on a daily basis, according to CoinMarketCap data at the time of the press. Bitcoin reached an all-time high of $69,000 about a year ago. It is currently 75.6% off its top.

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