NYDIG chairman urged to choose bitcoin over altcoin
Ross Stevens, founder of the New York Digital Investment Group (NYDIG), a platform aimed at major players, urged participants in the crypto industry to invest exclusively in bitcoin:
A message from our Founder & Executive Chairman, Ross Stevens, as the sudden collapse of Alameda and FTX has the industry searching for answers.— NYDIG (@NYDIG) November 10, 2022
Link: https://t.co/icHCa57TYj pic.twitter.com/MXfxAmTmJs
"Nothing has changed. I repeat: Don't invest in any cryptocurrencies except bitcoin." (c) Ross Stevens
Stevens also recalled the possibility of investing in "profitable" cryptocurrency projects that turned out to be extremely profitable at one point, but were generally "doomed to failure."
"Life is too short to spend it cooperating with anyone but people you like, trust, and with whom you would be fiercely proud to be in a foxhole under bullets" (c) Ross Stevens
The NYDIG chairman urged us to stay focused, humble, and kind. He also drew attention to the resilience of the first cryptocurrency.