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Bitwise CIO Says Crypto Market Now Resilient Enough to Absorb Major Hacks
(2 hours ago) · 1 source · Summarized by CryptoBipto
Bitwise Chief Investment Officer Matt Hougan commented that a hack on the scale of $6.3 billion would have destroyed Binance and severely damaged Bitcoin a decade ago. He argued that the crypto market has matured significantly and can now absorb such events without existential consequences.
WHY IT MATTERS
When cryptocurrency was new, exchanges were small and the total value of all crypto combined was relatively low.
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SOURCES
- beincrypto.com
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