"Silicon Valley Venture Capital Godfather" Tim Draper (Tim Draper) believes that people will turn to high-quality and decentralized cryptocurrencies such as Bitcoin, and some weaker cryptocurrencies will become historical relics.
Permit me to correct this first that the only decentralized digital currency is bitcoin alone, others are centralized and when you're talking about currency it self as an acceptable means for payment we recognized only bitcoin here since others are but a bunch of shitcoins inclusive.
Due to the tightening of monetary policy by the Federal Reserve and the knock-on effect of the bankruptcy of major industry companies such as Terra, Celsius and FTX, the crypto market is full of fraud, black gold politics and various conspiracy theories.
This is only when you're greedy enough to let them get you fooled to investing again with their coins or projects, mind you this does not only get applicable to them alone but on every other altcoins that have come out after the introduction of bitcoin to the world because they are all plagiarize of the first and approved digital currency before they began with the creation of their own version.
I'm personally on the sidelines, but still have a lot of confidence. The pool of crypto markets is getting cleaner and cleaner.
Are you saying this because some of this exchanges were exposed and their coins turning shitcoin? there's nothing sanitizting them because they continue to increase with numbers both the centralized coins and exchanges but i think the recent scam should taught alot some lessons to stop and without their bitcoin from them.