Kim Dotcom: Big Crash Needed for Crypto to Go Mainstream

Internet Entrepreneur Kim Dotcom has said the Big Crash will help mainstream cryptocurrencies as an everyday medium of exchange, rather than encourage speculative behavior.

He spoke as a cryptocurrency market plummeted Friday, after a sudden sellout. Bitcoin (BTC) fell about 4% to $21,130, the lowest level in more than three weeks. ethereum ETH, the world’s second largest digital currency, fell 9%, or $168, to $1,640.

Kim, a self-proclaimed ‘internet freedom fighter’ Said on Twitter. It is when we are free from oppressors and freedom has the decentralized power to thrive (sic).

crypto prices fall

Bitcoin recently crossed $25,000 for the first time since its low of $17,500 in mid-June. inflation pressure can be relieved.

Last month, the price of Ethereum doubled above $2,000. network upgrade Tentatively scheduled for September 15th.

of latest drop Crypto prices also saw major assets including binance coin (BNB), Solana (Sol), When Cardano (ADA) decline could be a result of the market’s “predisposition to volatility”.

Sebastian Menge, Founder and COO of the Burn-to-earn Platform, said: fit burnsaid to Be[In]Crypto.

When leverage is liquidated, it is reflected in the price of crypto assets as a whole. Typically, market makers are looking for liquidity and in doing so they tend to push prices up or down and liquidate trades. I have.”

“Use ciphers, don’t use HODL”

German-Finnish entrepreneur and political activist Kim Dotcom criticized The U.S. economy is beyond bankruptcy. He is also very pessimistic about the future of the global economy.

At one point, dotcom talks about the coming “New World Order” and how it aims to “shift into a new dystopian future where elites are slave masters without the makeup of democracy.” told

But he also has 860,000 Twitter followers, buy bitcoin Mainly because he believes the US dollar will become worthless and the economy will collapse. Dotcom’s latest advice is to use cryptocurrencies as your everyday money.

“Crypto is the future. You can’t stop this revolution. Don’t HODL. Use crypto every day,” he tweeted.

Cryptocurrency proponents have long awaited mass adoption.March, US president Joe Biden has issued an Executive Order on the cryptocurrency industry and how his administration intends to engage with it in 2022.

observer Said The executive order, which covers a variety of topics such as consumer protection and financial stability, takes a “fundamentally positive approach to crypto” and has been broadly seen as the key to mainstream adoption.

Forbee[In]The latest in crypto Bitcoin (BTC) Analysis, click here.

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