Crypto is going through a “natural selection” process that will see bitcoin emerge as one of “the fittest”, according to the head of Europe’s first bitcoin fund, Ignites Europe, the Financial Times’ European asset management newsletter, reported.
Collapses of stablecoins – digital tokens that track the price of the US dollar – have raised fears about the crypto market but Yves Choueifaty, founder of Tobam, said the recent events reflect “Darwinism in action”, with the cryptocurrency ecosystem improving as a result.
Read the full report: Ignites Europe.
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