​Sam Bankman-Frid: Solana has every chance to become the next | NFT / BTC / DEFI News 📣

​Sam Bankman-Frid: Solana has every chance to become the next bitcoin

Thanks to its scalability, Solana can not only become a leading blockchain protocol, but also turn into a new Ethereum or bitcoin. This was stated by Sam Bankman-Frid, head of the FTX cryptocurrency exchange, in an interview with Kitco News.

“I’m optimistic about Solana. She has every chance to do it, which is very interesting, I think,” he added.

Bankman-Frid also noted the Avalanche blockchain, whose native token updated the historical maximum last week. He stressed that these are not the only projects that can surpass the permanent leaders of the digital asset capitalization rating.

According to the head of FTX, in the next two years he expects to see “significant institutional acceptance of cryptocurrencies”. In particular, ETH can become widespread among this class of investors, even if the protocol underlying cryptocurrency does not achieve significant success.

Bankman-Fried did not rule out the onset of a new crypto winter, but specified that successful projects would not disappear even in conditions similar to 2018.

“Projects with a huge number of truly devoted supporters and important examples of use survive best. I think that HYIP projects often suffer the most serious damage,” explained the head of FTX.

He also touched upon the topic of the Squid Game (SQUID) project, whose investors lost more than $19 million. In October, the price of SQUID rose rapidly in a short time, reaching at some point $2856, and in early November it collapsed sharply.

According to Bankman-Fried, such dubious projects will always exist on the market. He noted two “red flags” that were supposed to warn investors against reckless investments: the lack of direct communication with Netflix and the anonymity of the creators.

Recall that Stripe co-founder and president John Collison said that his attention was attracted to Solana and Lightning Network.