Joe Lonsdale, founder of software company Palantir, has claimed that most crypto projects will collapse in a ponzi scheme-style bankruptcy.
Worrying market movements, created by bankruptcy processes in the crypto industry, continue. As Bitcoin tries to enter the recovery process, other crypto money projects are also working on restructuring. Crypto projects that hide behind the bear market spend a lot of time on development and startups. Although the market showed signs of recovery, the damage caused by bad actors created an unsafe environment. Although investors do not lose their faith in technology, they do not believe that cryptocurrencies will not go bankrupt. Touching on these situations, the founder of Palantir stated that new bankruptcies may come.
Palantir Founder Claims Crypto Bankruptcies Will Continue
In an interview with Fox News, Palantir founder Joe Lonsdale claimed that most projects in the crypto industry are ponzi. However, Lonsdale said that despite the negative weather, the crypto industry will continue to exist in the future.
Lonsdale said that he thinks most things will collapse in terms of finance and economy. Various crypto lenders claimed that cryptocurrencies and other parts of the ecosystem are a pyramid scheme. Lonsdale underlined that unregulated assets can always pose a danger.
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