Ripple CTO David Schwartz spoke with crypto influencer David Gokhshtein about how new crypto billionaires are on the rise in the coming months. The discussion came amid the price of Bitcoin falling below $16,000 again this year.
“A new millionaire will be created in the coming months.”
Ripple’s David Schwartz has responded to a tweet by former US Congressional candidate David Gokhshtein. “A new millionaire will be created in the coming months.”
The blockchain giant’s CTO said sarcastically that these millionaires “will be created by billionaires again.”
This situation appears to be true. As the price of Bitcoin plunges below $16,000 for the first time since the beginning of 2020 on the news of the FTX exchange crash and a series of scandals, the domino effect continues increasingly in the crypto market
Blockchain analytics company reveals why
Prominent data aggregator Santiment has spread the word about the likely reasons for Bitcoin to break key support, with Bitcoin currently on its way down for the first time in two years to break below $16,000.
According to a tweet from blockchain analytics firm Santiment, the sudden drop in prices of major digital assets was triggered by mass FUD in the community that led most investors to lose faith in crypto exchanges exponentially. This was largely due to the collapse of the Sam Bankman-Fried FTX exchange. who is a former crypto billionaire
However, even as the crisis continues, But Bitcoin wallet activity has been steadily increasing as more and more investors rush to withdraw their Bitcoin and other altcoins on the exchange in hardware wallets.
