Sam Bankman-Fried, CEO of FTX, one of the leading crypto asset trading platforms, talked about the future of Bitcoin.
Bankman-Fried made statements about Bitcoin in an interview with the Financial Times. He said that Bitcoin will become a store of value rather than a means of payment due to its lack of scaling and power consumption. According to him, Bitcoin will serve as a store of value competing with gold in the future.
To be clear I also said that it _does_ have potential as a store of value.
The BTC network can't sustain thousands/millions of TPS, although BTC can be xfered on lightning/L2s/etc. https://t.co/7ghQzz7eXa
— SBF (@SBF_FTX) May 16, 2022
The CEO then reacted to the media coverage of Chinese blockchain journalist Colin Wu about himself. He quoted a tweet of his, noting that it “also says it has the potential to be a store of value.”
