July 13, 2022 04:46 PM ET (BZ Newswire) -- Cryptocurrency
Andrew Left, founder of Citron Research says the idea of decentralization, where power is shifted from the hands of centralized entities is the “stupidest thing ever” and pointed out that the only utility Bitcoin has is that it is a collective consciousness of people, with people buying because others are.
Web 2.0 valuation in seed rounds before IPOs was based on the exact thing he calls Bitcoin's only true utility. And Bitcoin is antiquated garbage tech in that aspect.
