Bitcoin holders who are panicking about its wild recent price swings should wake up and smell the blockchain. Crypto is here to stay, says Hong Kong-based cryptocurrency entrepreneur Dave Chapman.
Chapman said bitcoin’s erratic price jumps and the angst surrounding escalating regulatory scrutiny is just par for the course whenever something new comes to market. We’ve been here before, he said. Like when the Internet first became a thing. Or when Facebook and Twitter first launched.
“Everyone says crypto is so bad, but there’s no difference between this and any other time when people have gone into something (new),” Chapman told the South China Morning Post. “Is it new? Yes. Does it need to mature? Yes. Will it be regulated? Yes.”
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