Peter Szylagyi stated that it will take time to create a new financial system that is useful for humanity. However, no one in the market is engaged in creating useful things — everyone is busy only extracting benefits.
"Cryptocurrency is a damn casino for fools (I apologize to a select few). Are the numbers growing? Hooray, let's buy Lambo. Are the numbers falling? Lives are falling apart. Where is the contribution to the development of humanity?", — said Siladi.
He cited SpaceX as an example, launching rockets to Mars and driving progress on a global scale. In his opinion, the crypto industry should finally create and present a useful product, or cease to exist:
"I don't understand why this system shouldn't collapse. What will we lose in the overall scheme of events? All that cryptocurrency has achieved is the transfer of enormous value, but so far I don't see any creation of this value."
At the same time, he admitted that bitcoin is making attempts to become a reliable currency, but so far unsuccessfully, and other digital assets are simply being sold in huge quantities for short-term benefits.
Earlier, the author of the bestseller "Black Swan" Nassim Taleb said that during the fall of the stock and cryptocurrency markets, the first cryptocurrency demonstrated a weak ability to protect investments.