FTX US President Brett Harrison Told CNBC’s ‘Squawk Box’ said on Thursday that the crypto industry is still seeing heavy venture capital investments, despite tough times in the bear market.
According to the FTX US boss, while the industry is facing the blunt force of the crypto winter, the market will eventually recover.
He notes that, as projects take the downturn as an opportunity to build, bring in new talent and products, the boom from the hole could see more people adopting crypto and related services.
Different ways of valuing bitcoin
Talking specifically about Bitcoin, the world’s leading cryptocurrency, Harrison says that there are different ways of looking at the value of BTC. He notes that different people see this aspect differently.
,it’s difficultHe told CNBC that they discussed a few different ways of looking at bitcoin.
“TeaThere are several different proposed methods here. Some of this has to do with the future flow of all bitcoins that can be mined in the system and of course the cost of mining bitcoins.,” He added.
Another way of looking at it is that some people “A store of value, something that is independent of the control of a particular government. Monetary supply that is safe and can be moved around the world, you know, secure and instant.,