Ah, dear reader! Gather ’round as we delve into the musings of the illustrious CEO of River, a noble exchange that doth hold Bitcoin (BTC) in the highest esteem, whilst casting a wary eye upon the frivolous altcoins!
In a most audacious proclamation upon the grand stage of social media, our gallant Alexander Leishman hath declared that exchanges which dabble in altcoins—nay, nearly all of them—have transformed into mere gambling dens, forever trapped upon a “hamster wheel of memecoins.” 🐹💸
“Two paths lie before the crypto exchange,” quoth he:
1. The noble Bitcoin-only path—wherein one aids the populace in amassing and safeguarding their wealth through the sturdy embrace of hard money. This path, dear friends, doth lead to an exchange resembling a venerable ‘bank’ in the long run.
2. The raucous multi-asset trading platform—where one flings as many coins as possible into the fray, crafting a business model steeped in speculative trading. Alas! This path leads to the exchange becoming naught but a casino, where fortunes are won and lost with the roll of a dice!
Both paths may yield riches, but lo! These are the only two choices. The moment an exchange dares to embrace a single non-Bitcoin token, they willingly sign up for the eternal hamster wheel of memecoins. Listing ETH without its myriad tokens is as foolish as a jester without a crown!
While many a crypto casino doth thrive, I, for one, have no desire to construct such a folly. The casino model, dear friends, is built upon the relentless extraction of coin from the pockets of the unsuspecting, whilst the Bitcoin-only model seeks to nurture long-term prosperity for the masses.”
According to the wise sages at River, the debasement of currency is a far graver beast than the authorities would have us believe, and thus they remain steadfast in their Bitcoin focus.
“A staggering 275% chasm exists between the inflation figures we are fed and the grim reality,” he proclaims.
“This is why we Bitcoin!”
As we pen these words, Bitcoin doth trade at a princely sum of $82,100. A fine day for the wise investor, indeed!
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2025-03-31 17:41