Billionaire Entrepreneur Sam Bankman-Fried Comments on Solana and Ethereum


FTX co-founder Sam Bankman-Fried, Solana and Ethereum he drew attention to himself by making important statements in private. Fried, the founder of the world’s third largest cryptocurrency exchange in terms of transaction volume, compared Ethereum and Solana in a recent interview with the media.

Ethereum and Solana Review

Even if the billionaire entrepreneur does not achieve the same success as the basic blockchain with an ambitious approach Ethereumhe believes that the will receive wide institutional acceptance. At the same time Fried, ETH 2.0he noted the combinability concerns surrounding the. It is believed that simultaneous transactions will become a problem, while the second largest blockchain will be able to significantly increase production capacity. Concern about local combinability, DeFi their application is based on the fact that it creates problems in their operation.

However, Bankman-Fried stated that Solana could be turned upside down by another competing blockchain. Solana managed to become the fifth largest cryptocurrency by market capitalization, outperforming Ethereum.  In addition, Solana october EthereumFried’s answer to the question of leaving u behind was as follows:

Can happen. But, perhaps, it never happens.

Trend Culture Is Important

When asked about the specific criteria that people should pay attention to when choosing a particular crypto currency project, Fried said that investors should follow the meme token craze. According to Fried, breast culture is very important and this community drives the market.

However, the successful entrepreneur, whose net worth is estimated at $ 22.5 billion, warned investors about the risks of meme tokens. Dogecoin and Shiba Inu as a joke, crypto currencies have achieved lip-blowing returns with incredible rallies this year. On the other hand, Squid Game token fraud caused painful losses of market investors.

Sam Bankman Fried urged buyers to never invest more than they are ready to shell out. Fried advised investors to act at the thought of the possibility of losing 90% of their funds.

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