Chamath Palihapitiya, the founder and CEO of venture capital firm Social Capital, has warned that терминалдарда is facing an enormous systemic risk that might turn consequential in future.
Palihapitiya stated that the risks are a result of several challenges affecting the cryptocurrency сектору, mainly the lack of жобо, he said during a recent эпизод анын Баары Подкаст.
He warned that the risks could negatively impact Bitcoin’s future if something is not done now from a regulatory perspective. According to Palihapitiya, Bitcoin needs to have a common set of parameters like the ability to monitor risks around the asset. He stated that stakeholders need to focus on this aspect to safeguard the future of cryptocurrency.
«Чоң көйгөй, албетте, эч кандай жөнгө салуучу көзөмөлдүн жоктугунда, бул нерсе болот. Системалык тобокелдиктер күчөйт. Биз азыр туш болуп жаткан нерсе – бул негизинен Биткойндун айланасында өтө чоң системалык тобокелдик», - деди ал.
How Bitcoin should be regulated
The billionaire who is also a cryptocurrency бука, stated that Bitcoin should be regulated at all costs. He recommended that Bitcoin can be classified as a security mainly due to the market’s volume and size.
Palihapitiya also delved into other problems ailing the crypto sector that can be solved through regulations. For instance, he criticised the decentralised finance (толугу менен) noting that the high staking model is introducing high risks for retail investors and cryptocurrency биржалар.
Furthermore, the venture capitalist also raised the alarm about the crypto off-chain activity, noting that it might be a loophole for illegal activities. He believes that bad actors could use off-chain activity to pump the price of tokens in return, hurting investors.
«Бул нерселер башында тизмеге киргенде, чекене соода жинди болуп, баа көтөрүлгөндө эмне болот. Билесизби, сиз бул циклди мүмкүн болушунча тез айландырып, эбегейсиз чоң суммадагы акчаны чыгара аласыз "деди ал.
Interestingly, he called for the incorporation of the Justice Department to tackle the influence of off-chain cryptocurrency activity.
Source: https://finbold.com/bitcoin-is-facing-an-enormous-amount-of-systemic-risk-says-billionaire-venture-capitalist/