River CEO Has No Interest in Listing Altcoins out of Fear of ‘Forever Hamster Wheel of Memecoins’

The CEO of the Bitcoin (BTC) -oriented Change River says he isn’t keen on giving entry to one thing aside from the flagship Crypto Asset.

In a message on the social media platform X, River CEO Alexander Leishman out Crypto exchanges that make a listing of altcoins – that are nearly all – have change into extra on casinos which might be caught on a “Without end Hamster Wheel of Memecoins.”

“There are two paths for a crypto alternate/brokerage:

1. Bitcoin-Alleen Pad concentrate on serving to individuals to construct and retain long-term wealth by way of exhausting cash. This path results in a grant extra like a ‘financial institution’ long run.

2. Multi-ASCHET Buying and selling Platform joint as many cash as potential and construct the enterprise mannequin round speculative commerce. Because of this the alternate turns into extra on a on line casino.

Each can earn cash, however these are the one two choices. The second an alternate provides one non-bitcoin token, they signal as much as be on the Memecoins hamster wheel without end. It is unnecessary to checklist ETH if you don’t point out the tokens issued on ETH, and the identical applies to Solana.

There are a lot of profitable crypto casinos, however I’m not keen on constructing such an organization. The on line casino enterprise mannequin is constructed across the most extraction of consumers, and the Bitcoin Solely mannequin is aimed toward serving to individuals within the long-term wealth. “

In accordance with River, foreign money debating is way bigger than formally permitted and the reason being that the alternate is aimed toward Bitcoin.

“There’s a hole of 275% between inflation that you simply inform and actual inflation.

That’s the reason we’re Bitcoin. “

On the time of writing, Bitcoin acts for $ 82,100.

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