FTX Founder Sam Bankman-Fried Thinks Bitcoin Has No Future as a Payments Network?

In my opinion, bitcoin is already very rarely used as a means of payment. In addition to the indicated reason, the long-term retention of bitcoins by its owners in the hope that in the future it will grow in price for a long time is also of great importance. Faster and cheaper altcoins with very low and even almost free transaction fees will always be preferred as a means of payment. Cryptocurrency is developing at the expense of altcoins and it’s hard to argue with that.